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Feature
CAIRP at 45
September 20, 2024
Building on a rich legacy of rebuilding success with a strong volunteer-centric culture
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Cases we are Following
In Case You Missed It: Decisions on Our Radar
September 20, 2024
The financial restructuring group at Davies Ward Phillips & Vineberg LLP is tracking the following cases. We have briefly described issues and updates for each case relevant to the CAIRP membership. Unless otherwise noted, the information in the chart is current to July 31, 2024—more recent developments in each case are not reflected.
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CAIRP Chair's Reflections
Chair’s Message: Rebuilding Success
September 20, 2024
At CAIRP’s recent Annual General Meeting (AGM), we marked CAIRP’s 45th anniversary. It is hard to believe 45 years have passed since the Association was formed. Over the years, CAIRP and the industry...
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Legal Commentary
Change in the Status Quo? The Scope of the Court's Authority to Extend Licences
September 20, 2024
By Chris Nyberg, Partner, MLT Aikins LLP & Kaitlin Ward, Associate, MLT Aikins LLP
Since the release of Tantalus Labs Ltd. (Re), 2023 BCSC 1450 ("Tantalus"), a decision of the British Columbia Superior...
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Court Decisions
Poonian v. BC Securities Commission
September 20, 2024
Supreme Court holds that Administrative Disgorgement Orders Survive Bankruptcy but Administrative Monetary Penalties Do Not
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Hot Topics
Key Insolvency Considerations for First Nations and Indigenous-owned businesses in Canada
September 20, 2024
By Alexis Teasdale, Partner, Lawson Lundell LLP and Vanessa Allen, Senior-Vice President, MNP Ltd.
This paper will use legal descriptions currently in use in Federal legislation, but the authors recognize...
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Profile
A Career Like No Other in the Financial Sector
September 20, 2024
Why insolvency professionals love what they do
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Corporate Insolvency
The Liability of Directors on the Brink of Insolvency
September 20, 2024
By Julien Morissette, Lawyer and Partner, Osler, Hoskin & Harcourt
Introduction
When a business is on the “verge of insolvency”, the ground is often fertile for liability claims against the directors...
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Tech Buzz
Data Security Requirements for Bankruptcy Trustees: A Comprehensive Guide
September 20, 2024
By Michael Turcsanyi, CEO, TruPoint
Sponsored Content
-- Introduction --
It seems like every day we hear how about another business or entire industry is being hit hard by Cyber Security incidents....
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Legal Commentary
Flip It and Reverse It: Annulling Performed Consumer Proposals
September 20, 2024
By Matilda Lici, Associate, Aird & Berlis LLP
The Ontario Superior Court of Justice in Re Singh, 2024 ONSC 837 recently considered whether courts have the authority under the Bankruptcy and Insolvency...
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Book Review
An Overview of “Reinventing Bankruptcy Law”: A History of the Companies’ Creditors Arrangement Act
September 20, 2024
Virginia Torrie, Associate Professor, University of Manitoba, Faculty of Law
The Companies’ Creditors Arrangement Act (CCAA) has been on Canada’s statute books for almost 90 years. In the last four...
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Rebuilding Success Magazine
Rebuilding Success is a must-read magazine for current and future insolvency and restructuring professionals, and stakeholders within the industry. Read the latest digital issue and browse the magazine archives.
Read the issuesWelcome to the official blog of the Canadian Association of Insolvency and Restructuring Professionals! We hope you will enjoy insightful and informative posts by our team of expert bloggers on a wide range of topics, including individual, small business and corporate insolvencies, budgeting, financial planning, credit rebuilding and other money management tips for anyone looking to live a debt free life.
Budgeting for Your Holiday Vacation: Tips to Save Without Sacrificing Fun
December 16, 2024
The holiday season is the perfect time for a getaway. Whether you're imagining relaxing on a sunny beach, exploring a new city, or enjoying cozy winter activities, the idea of taking a vacation can be...
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The Role of a Licensed Insolvency Trustee in Canada: A Guide to Financial Recovery
November 14, 2024
Navigating financial difficulties can be overwhelming, especially when faced with complex debt relief options. Fortunately, in Canada, a Licensed Insolvency Trustee (LIT) serves as a federally regulated...
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Navigating Insolvency as a Self-Employed Individual: Key Considerations
November 14, 2024
For self-employed individuals, managing finances can come with unique challenges. Running a business often means dealing with fluctuating income, difficulty accessing traditional credit, and the need to...
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Find out the latest news from CAIRP on the insolvency and restructuring industry. Press releases from recent years are available in this section.
For media enquiries, please contact Angela Joyce, Media Relations, at aj@whiterabbitpr.com.
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CAIRP: Q3 2024 Canadian Insolvency Statistics
November 12, 2024
Consumer Insolvencies Make 10th Straight Double-Digit Increase, Rising 13.5% Year-Over-Year. Business Insolvencies Rise 16.2% Year-Over-Year, Reaching Largest Third-Quarter Volume Since Q3 2009
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CAIRP: Q2 2024 Canadian Insolvency Statistics
August 2, 2024
Consumer Insolvencies Rise 12.4% Year-Over-Year, Reaching Highest Level in Four Years. Business Insolvencies Jump 41.4% Year-Over-Year, the 10th Consecutive Double-Digit Increase
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CAIRP: May 2024 Canadian Insolvency Statistics
June 28, 2024
TORONTO – June 28, 2024 – Consumer insolvencies increased 11.3% in May compared to the same month last year, according to the latest data from the Office of the Superintendent of Bankruptcy (OSB)....
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