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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.

Celebrating National Seniors Day: Honoring Wisdom and Planning for the Future

Pamela Meger, CIRP, LIT October 1, 2025 October 1st is National Seniors Day—a time to celebrate the wisdom, resilience, and contributions of older Canadians. As Licensed Insolvency Trustees, we see firsthand how financial stress can impact...

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Dealing with Debt Collectors: Your Rights and Responsibilities

Collin Legall, CPA, CMA, CIRP, LIT September 23, 2025 Dealing with debt collectors can be an intimidating and stressful experience, but knowing your rights and responsibilities can make all the difference. Whether you’re an individual facing mounting bills...

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How to Avoid Debt Relapse: Tips for Long-Term Financial Health

Joel Grisé, CIRP, LIT August 5, 2025 Becoming debt-free is a huge milestone—but staying debt-free is where the real challenge begins. After helping thousands of individuals navigate their way out of debt, I’ve seen firsthand that long-term...

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Exploring Debt Management Strategies for Small Businesses

Noah Litwack, CIRP, LIT (with contributions from Michael Baigel and Jeremy Kroll) May 15, 2025 Most Canadians do not start their small businesses when they are flush with cash to invest (or burn, as the case may be). Therefore, debt is often a necessary tool for small businesses to launch, maintain...

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Managing Finances as a Small Business Owner in Uncertain Times

Colleen Craig, CPA, CA, FCIRP, LIT April 11, 2025 Starting in early 2025, Canadian businesses, both small and large, have faced significant challenges due to escalating trade tensions with the United States. Watching the ever-changing headlines from one...

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How to resolve and avoid tax debt

Braden Burritt, CIRP, LIT March 17, 2025 Owing income tax debt to Canada Revenue Agency (CRA) can make one uneasy. An unexpected tax bill can strain your finances and feel overwhelming to manage before the CRA’s payment deadline. Dealing with...

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Breaking Up with Bad Money Habits: A Love Letter to Your Future Self

Mary Ann Marriott, CIRP, LIT February 14, 2025 As we leave January behind and approach Valentines Day and Family Day, I thought it might be nice to focus on one of the most important relationships in our life - the relationship with money. This blog...

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LIT Facts vs. Myths

Brandon Smith, CIRP, LIT January 23, 2025 As a Licensed Insolvency Trustee (LIT), a significant part of my initial consultation time with consumer debtors involves dispelling a number of myths, so I thought it might be a good idea to set the record...

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