CAIRP members and life associates are entitled to use the CIRP (Chartered Insolvency and Restructuring Professional) certification mark. Honorary members may use the designation CIRP (Hon.). For additional information on the CIRP certification mark, please see CIRP Certification.
The Board may by resolution admit to membership in the Association any applicant who meets either of the following criteria:
- Having been an articling associate, has completed the CIRP Qualification Program (CQP) or such other course of study as has been designated by the Board, has passed the Competency-Based National Insolvency Examination or such other examination as has been designated by the CAIRP Board; or
- Holds a trustee license issued by the Superintendent of Bankruptcy, pursuant to the Bankruptcy and Insolvency Act; and
- Is otherwise suitable and desirable in the opinion of the Board for admission to the Association as a member
The CAIRP education program - known as the CIRP Qualification Program (CQP) - produces candidates qualified to sit the oral board examination to become a Licensed Insolvency Trustee.
Admission to membership within the Association is not limited to those who have completed the OSB oral board examinations. Once you have successfully completed the Competency-Based National Insolvency Examination you can apply for membership and once accepted you will have the option to use the CIRP certification.
The Association may by resolution grant the status of articling associate to any applicant who:
- Ordinarily resides in Canada;
- Is a student in good standing in the CIRP Qualification Program; and
- Is otherwise suitable and desirable for recognition as an articling associate in the discretion of the Association.
Articling associates benefit from belonging to an organization which is recognized as one of the leading professional insolvency bodies. This recognition is international, as CAIRP was a founding member of INSOL International, a federation of insolvency organizations around the world. Articling associate status provides opportunities to network with professional colleagues at CAIRP seminars and our Annual Conference.
A member in good standing who has retired from active practice may apply for life associate status. There are no annual fees for this category and life associates retain most privileges held by members, except the right to vote.
The Board may by resolution grant the status of life associate to any member who is retired from the Profession and has:
- Attained the age of fifty-five (55) years;
- Spent at least twenty (20) years in the Profession; and
- At the time of application, has been a member in good standing of the Association for ten (10) years.
Upon receiving approval of the change of status, life associates are invited to sign a license agreement to use the CIRP (ret.) certification mark.
Any person who has rendered conspicuous service to the Association may be elected to honorary membership in the Association and shall be entitled to use the designation "Chartered Insolvency and Restructuring Professional (Honorary) or its acronym "CIRP (Hon.)". Honorary membership does not confer the right to be elected to the Board or to vote at meetings of the members of the Association. The first honorary member is CAIRP's past President, Norman Kondo. He received this honour in 1997. In 1998 Ralph Neville, former long-serving CICA representative on CAIRP's Executive Committee became the second recipient of this honour. Most recently, the Association awarded an honorary membership to Dr. Janis Sarra of the University of British Columbia's Faculty of Law; she received this honour in 2007 in recognition of her distinguished service to the Association and the profession.
The Association may by resolution grant a corporate associate status to any organization which:
- Holds a licence in good standing to act as a trustee under the Bankruptcy and Insolvency Act; and
- Has a board of directors at least two-thirds (2/3) of whom are members of the Association.
Corporate associates of CAIRP may show their status on the letterhead and in advertising.
An inactive member is a member who has temporarily left insolvency practice and has, on application to the Board or Executive Committee, been deemed inactive. The consequences of being deemed inactive are:
- termination of membership in CAIRP if membership is not reinstated within 5 years of becoming inactive;
- not having any of the rights or privileges of a member and not being able to vote, receive mailings, sponsor articling associates etc. and
- not being able to use the CIRP (Chartered Insolvency and Restructuring Professional) certification mark or display membership certificate.
The fee for inactive members is $300 + tax per year.
Individuals who return to active membership are subject to the conditions set forth in the 2010 CAIRP Policy on Readmissions and must demonstrate their ability to meet current standards of practice.