CAIRP

Canadian Association of Insolvency and Restructuring Professionals

Industry Views & News

CAIRP offers a wide range of publications, news and expert views on everything related to the insolvency and restructuring industry in Canada.

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Feature
Another Five Years at the Helm February 6, 2024
Appointed for a second term, the Superintendent of Bankruptcy helmed the insolvency regime through COVID and has set her sights on improving the post-pandemic future.
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Cases we are Following
In Case You Missed It: Decisions on Our Radar February 6, 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 January 9, 2024—more recent developments in each case are not reflected.
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CAIRP Chair's Reflections
Chair’s Message: Rebuilding Success February 6, 2024
With the start of a new year comes many new opportunities and challenges for CAIRP members and the insolvency and restructuring profession. Over the last few years, the insolvency marketplace has been...
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In Depth
COVID and the Courts February 6, 2024
-- A microscopic bug changed the mighty legal system, but not entirely for the worse -- By Joanne Paulson When COVID-19 slammed into society in early 2020, the reaction by Canadian governments was swift...
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Legal Commentary
Asserting Limitation Period Defences in the Bankruptcy Context February 6, 2024
-- A Case Comment on AssessNet Inc. v. Ferro Estate, 2023 ONCA 577 -- By Matilda Lici, Associate, Aird & Berlis LLP and Sam Babe, Partner, Aird & Berlis LLP The Court of Appeal for Ontario in AssessNet...
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Opinion
Magical Mystery Tour February 6, 2024
-- The need for more collective action to serve the LIT profession -- By Douglas Hoyes, BA, CPA, CA, CIRP, LIT, CBV, Co-founder, Hoyes, Michalos & Associates Inc. and Howard Manis, Senior Counsel, Manis...
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Academic Perspective
Trends in Business Insolvency Rates: Economic Conditions and Beyond February 6, 2024
Benoit Mario Papillon, Ph.D. Department of Finance and Economics School of Management, UQTR The OSB reports a business insolvency rate for 2022 of 0.8 companies per thousand existing businesses. This...
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Corporate Insolvency
The Final Curtain Call... EncoreFX February 6, 2024
Authors: William E.J. Skelly, Partner, MLT Aikins LLP Dana M. Nowak, Partner, MLT Aikins LLP Case Link: EncoreFX Inc. (Re), 2023 BCSC 39 -- Introduction -- The insolvency of EncoreFX Inc. (EncoreFX)...
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Education Update
Rebuilding, It’s What We Do: A Report on the CIRP Qualification Program Renewal February 6, 2024
By Tim Carson, FCIRP (ret,), LIT, (Interim) Director, Education Programs, CAIRP Rebuilding. It’s what we do. Renew, rebuild. And, so it is with the CQP Renewal Program. For anyone who hasn’t been...
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CAIRP Awards
Recognizing the Extraordinarily Exceptional! February 6, 2024
By Donna Collins, FCIRP (ret.) In any given year, a high percentage of CAIRP’s members volunteer their time and expertise in some capacity. These volunteers have discovered the secret of volunteerism: You...
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Book Review
An Overview of “Reinventing Bankruptcy Law”: A History of the Companies’ Creditors Arrangement Act February 6, 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 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.

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Blogs

Welcome 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.

Avoiding a Fall Financial Hangover

Daniel Budd, CIRP, LIT June 25, 2024 Living in Montreal, there are two times a year when it becomes very difficult to control your spending. During the depths of winter, Montreal can be harsh and unforgiving, and I am not just talking about...

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It’s OK not to be a homeowner

Andy Fisher, CIRP, LIT May 30, 2024 The great Canadian Dream is to own a house. Many Canadians grow up with the expectation that at some point they will own their own home.  We are constantly seeing news about government officials, economists,...

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Ways to save up to buy your first home

Andy Fisher, CIRP, LIT May 14, 2024 Buying a new home can be a very exciting (and stressful) time.  In order to ensure the process goes as smoothly as possible and to minimize the risk of getting in over your head, it’s important that...

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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)....
CAIRP: Q1 2024 Canadian Insolvency Statistics May 3, 2024
TORONTO – May 3, 2024 – Consumer insolvency filings have reached the highest level since the fourth quarter of 2019 before the pandemic. On average, about 372 Canadians a day filed a consumer insolvency...
CAIRP: 2023 Annual & Q4 Canadian Insolvency Statistics February 2, 2024
TORONTO – February 2, 2024 – Business insolvencies in Canada surged by 41.4% in 2023 compared to the previous year, the sharpest increase in 36 years of records from the Office of the Superintendent...
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