Office of the Superintendent of Bankruptcy (OSB)

The Office of the Superintendent of Bankruptcy (OSB) is a government agency in Canada that oversees bankruptcy and insolvency laws. Its role is to supervise individuals and businesses filing for bankruptcy or insolvency, ensuring processes are fair and legally compliant. The OSB approves trustees who handle these cases, reviews plans for repayment, and maintains records. Its goal is to protect creditors and debtors, promote financial responsibility, and maintain confidence in Canada’s bankruptcy system. Essentially, the OSB ensures that bankruptcy proceedings are conducted properly and transparently to support economic stability.