Trustee leaves firm to become an independent Practitioner

Checklist

This checklist should be used where the trustee will be:

1. Practising alone
2. Sharing an office with other independent trustee(s)
3. Forming a partnership with other independent trustee(s)

Where the trustee wants to practice under a corporate licence, the checklist Request to Obtain a Corporate Trustee Licence should be used.

In accordance with Section 42 of the Trustee Licensing Directive, such a change requires the prior approval of the Superintendent of Bankruptcy.

A written request for such approval must be submitted to the Licensing Section of OSB.

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Please provide the following information/documentation to the Licensing Section:

1. Trustee name and licence #
2. Current firm (if applicable)
3. Effective date of proposed change (i.e. date at which trustee is joining new firm)
4. New principal business address, telephone and fax numbers, Email
5. Estate Conciliation – please choose the situation which applies to you:
   1. Transferring files to another trustee within the firm (name of the trustee)
   2. Trustee keeping files (substitution)
6. Personal balance sheet.
7. Details of necessary resources (work facilities, equipment and personnel) that will be at the trustee's disposal in the execution of his/her duties as a trustee, and of banking arrangements.
8. Evidence of insurance coverage for the applicant (professional liability insurance and employee dishonesty (fidelity) insurance).