The OSB is responsible for administration of the Bankruptcy and Insolvency Act (BIA), as well as certain duties under the Companies' Creditors Arrangement Act (CCAA). We license and regulate the insolvency profession, ensure an efficient and effective regulatory framework, supervise stakeholder compliance with the insolvency process, and maintain public records and statistics.
Bouchard (Phoenix Pay System) Class Action
A settlement has been reached in the Bouchard class action against the Government of Canada. Consult the first notificationto class members to learn more about the settlement, who is included in the class action, how to participate in the settlement approval hearing, or how to opt out of the class action.