What’s the OSB?

Learn about the regulating body for bankruptcies in Canada.
  1. Debt Help
  2. Bankruptcy
  3. Office of Superintendent of Bankruptcy OSB

Office of the Superintendent of Bankruptcy
What Is It?

The Office of the Superintendent of Bankruptcy (OSB) is responsible for ensuring compliance with the Bankruptcy and Insolvency Act (BIA) for personal and corporate bankruptcies in Canada. When you file for personal bankruptcy, you’ll need to work with a trustee who is licensed by the OSB.

Office Of The Superintendent Of Bankruptcy

What Does the OSB Do?

The OSB does the following tasks:

  • Licenses, regulates, and supervises bankruptcy trustees.
  • Maintains public records of bankruptcy proceedings.
  • Investigates insolvency-related complaints.
  • Reviews bankruptcy forms.
  • Establishes the professional standards for the insolvency industry.
  • Helps consumers find trustees when they need to go bankrupt but can’t afford the full cost of bankruptcy.

Personal Bankruptcy and Insolvency Records and Files
OSB Database

Many people don’t know that the OSB office keeps records of bankruptcy and insolvency. According to their website, the Bankruptcy and Insolvency Records database has statistics on:

  • Basic debtor information of all bankruptcies and proposals registered in Canada since 1978.
  • All receiverships registered with their office since January 1993.
  • All petitions recorded at their office.
  • All companies that have been granted protection under the Companies’ Creditors Arrangement Act (CCAA) since September 18, 2009.

Bankruptcy is a matter of public record, so the public may access the database for a fee. More information about public bankruptcy records, filings, online searches and fees can be found on the OSB website.​

Filing cabinet drawer full of bankrupty and insolvency records

Bankruptcy Law in Canada
The Bankruptcy and Insolvency Act

The OSB is an agency within Industry Canada, which is part of the Federal Government. The Bankruptcy and Insolvency Act is the law in Canada governing the insolvency (bankruptcy) process.

More Help and Information About Personal Bankruptcy and the OSB

If you are struggling to pay your debts and aren’t sure if you need to file for bankruptcy, get help determining your options. One of our credit counsellors will answer your questions and provide you with guidance and free information so that you can make an informed decision. Contact us today by phone at 1-888-527-8999by email or chat with us online now. For additional details about the Superintendent of Bankruptcy, visit the OSB website.​

If you would like a bankruptcy definition added to this section please email us.

Find out how to get debt relief

Get the help you need. Find the right option that will work for your specific set of circumstances. Instead of endlessly looking through debt consolidation company reviews, let one of our experienced counsellors help you. If we can't fully help you, we'll refer you to an organization we trust that can or help you put together an action plan so you can get started on your next steps. Feel free to give us a call or chat with us online. We're here to help.

Related Topics

Thinking About Bankruptcy


If you’ve got debt problems you may think you need to go bankrupt. This might not be true.

Debunking Bankruptcy Myths

Bankruptcy Myths

There are many misconceptions about what bankruptcy is and isn’t. Here are 7 myths explained.

explaining to a client

Options for Bankruptcy

Here are 6 times when filing bankruptcy might not be right for you. Know what to expect.