Industry Views & NewsBlogs
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.
Managing Finances as a Small Business Owner in Uncertain Times
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
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
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
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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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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How to Choose the Right Licensed Insolvency Trustee for Your Needs
November 14, 2024
When financial challenges arise, navigating debt relief options can be a complex and emotional journey. With nearly 1400 members, the Canadian Association of Insolvency and Restructuring Professionals...
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How Insolvency Trustees Work with Creditors to Create Debt Repayment Plans
November 14, 2024
For Canadians dealing with unmanageable debt, finding a path to financial recovery can feel overwhelming. Fortunately, there are structured options that can make debt repayment manageable, transparent,...
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Debt Relief Options: Choosing the Right Solution for Your Situation
November 14, 2024
When financial struggles begin to impact daily life, it’s natural to look for ways to regain control and start fresh. Debt relief solutions in Canada offer multiple ways to address various financial...
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Consumer Proposals: A Bankruptcy Alternative for Individuals
November 14, 2024
Debt can quickly become overwhelming, especially when high interest rates and multiple bills make repayment seem impossible. While bankruptcy is often viewed as the primary debt relief option, there is...
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Common Misconceptions About Insolvency and Debt Relief
November 14, 2024
Insolvency and debt relief are essential resources for Canadians facing overwhelming financial challenges, yet myths and misconceptions about these topics often prevent individuals from seeking the help...
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