Todd Y. Sheriff and Segal & Partners Inc. — December 3, 2008

In the matter of Todd. Y Sheriff.
Licensed trustee for the province of Ontario

Whereas the Superintendent of Bankruptcy issued a Licensing Order dated June 23, 2005 (the "Licensing Order") against Todd Y. Sheriff and Segal and Partners Inc.;

And whereas this Licensing Order came into effect on May 1, 2006 and provided, in part that

1. the trustee license of Todd Y. Sheriff was suspended for 6 months from May 1 to October 31, 2006 (period of licence suspension); and
2. the trustee license of Todd Y. Sheriff was restricted after that to the filing and administration of corporate estates for a minimum of 18 months (period of licence restriction);

And whereas on June 6, 2007 the Office of the Superintendent of Bankurptcy learned that Todd Y. Sheriff had filed an estate of an individual debtor, the Climans Estate, during the period of licence restriction in breach of the Licensing Order;

And whereas Todd Y. Sheriff has advised that the filing of the Climans Estate as referenced above was the product of inadvertence only;

And whereas Ann Speers, acting on her capacity as the Senior Analyst responsible for overseeing this Licensing Order (the "Senior Analyst"),attended the Office of Todd Y. Sheriff and Segal and Partners Inc. on June 13–14, 2007 to conduct a sample review of files to determine if this breach was an isolated incident;

And whereas the Senior Analyst found from the sample review that the following limited additional breaches of an administrative nature of the Licensing Order had occurred:

1. that during the period of license suspension, Todd Y. Sheriff signed a Supplementary 170 Report on September 14, 2006 in the Bower Estate;
2. that during the period of license restriction, Todd Y. Sheriff:
   1. chaired meetings of creditors on November 9 and November 26, 2006 and signed Minutes of the Meetings in the Quenneville Estate.
   2. Signed a Notice of Disallowance of Claim on March 28, 2007 in the Bower Estate;

And whereas Todd Y. Sheriff acknowledges that he breached the Licensing Order in the above ways;

And whereas the parties have jointly drafted and submitted to me the proposed text of the present decision, duly approved by them in writing, and request that I issue the Order accordingly;

And whereas in the specific circumstances of this case the proposed draft appears reasonable and there does not seem to be any reason to derogate from it;

For these reasons I, the Superintendent of Bankruptcy, by virtue of the powers delegated to me under the Bankruptcy and Insolvency Act ("BIA") hereby order that:

1. The trustee licence of Todd Y. Sheriff be suspended for a period of 6 months commencing 60 days after the date of this Order; and
2. I remain seized of this matter until this Order has been completely fulfilled.

Ottawa, ON
December 3, 2008

James Callon
Superintedent of Bankruptcy

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This document has been reproduced as submitted.