Bankruptcy and Insolvency General Rules

65 (1) If a trustee receives no notice of objection within the time limit set out in subsection 64(2), the trustee shall

• (a) at the expiration of that time limit, take the trustee’s fee;

• (b) at the expiration of that time limit, if the trustee has not already done so, send a final dividend to each creditor to whom one is owed; and

• (c) within three months after the day on which the notice referred to in subsection 64(1) is sent,

  • (i) close the bank account used in administering the estate of the bankrupt, if that account is not a consolidated account, or, if the account is a consolidated account, ensure that all estate funds have been withdrawn from it,

  • (ii) remit any unclaimed dividends and undistributed funds to the Superintendent, and

  • (iii) send to the Division Office a certificate of compliance and deemed discharge, in prescribed form.

(2) A trustee is deemed to be discharged on meeting the requirements of paragraphs (1)(b) and (c).

(3) If a trustee receives a notice of objection within the time limit set out in subsection 64(2), the trustee shall

• (a) [Repealed, SOR/2009-218, s. 9]

• (b) obtain a hearing date from the registrar; and

• (c) within 30 days after the day on which the notice of objection is received, send the objecting creditor a notice of hearing, which notice must be sent at least 30 days before the date of the hearing and must be in prescribed form.