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A Toronto bankruptcy trustee was removed after probing a client’s credit card use, sparking concerns over transparency in insolvency cases.
A Toronto bankruptcy trustee was reportedly removed after questioning a client’s credit card usage, raising concerns about transparency and accountability in insolvency proceedings. The trustee, tasked with managing the estate of someone unable to pay debts, allegedly faced pushback while investigating potential improper spending before bankruptcy. While details about the client, transactions, or official reasons for the trustee’s removal remain undisclosed, the incident has sparked debate over the independence of trustees and the risks of probing financial misconduct. The matter is under review by regulatory bodies, with no further public information released.