Resources for Creditors
Creditors' Role in Detecting Bankruptcy Abuse and Fraud
Creditors have a role in detecting bankruptcy abuse and fraud. Depending on the situation, creditors can oppose the discharge from bankruptcy of a bankrupt, they can inform the trustee of inappropriate behaviour on the part of the bankrupt or they can contact the Office of the Superintendent of Bankruptcy (OSB).
To know what constitutes bankruptcy abuse and fraud, consult the section entitled "Bankruptcy Abuse and Fraud." The information focuses on the duties of the bankrupt, provides information on what constitutes non-compliant behaviour, and includes real-life examples of criminal convictions and Court decisions on bankrupt discharges.
The section also provides information on the discharge process, the roles of bankrupts and trustees, and investigations conducted by the OSB’s Special Investigation Units and the Royal Canadian Mounted Police.