Industry Views & NewsMedia Releases
Find out the latest news from CAIRP on the insolvency and restructuring industry. A full list of press releases from recent years is available in this section.
For media enquiries, please contact Angela Joyce, Managing Director, White Rabbit Communications at firstname.lastname@example.org.
|CAIRP: Consumer Insolvencies in Canada up 9.5% in the Last 12 Months
January 5, 2023
TORONTO – January 5, 2023 – Consumer insolvency filings in Canada have increased 9.5% over the last 12 months, according to the latest statistics released by the Office of the Superintendent of Bankruptcy,...
|CAIRP: Q3 Canadian Insolvency Statistics
November 9, 2022
Consumer Alert: Beware of unregulated, unlicensed debt advisors that claim to be authorized to assist with insolvency options. Those facing personal financial challenges are urged to get debt help from government-regulated, licensed professionals to avoid paying for unnecessary services or fees.
|Need help with your debt? Ask questions and shop around to avoid paying unnecessary fees.
November 9, 2022
TORONTO – November 9, 2022 – As part of Financial Literacy Month 2022, the Office of the Superintendent of Bankruptcy (OSB) and the Canadian Association of Insolvency and Restructuring Professionals...
|CAIRP: Q2 2022 Canadian Insolvency Statistics
August 5, 2022
TORONTO – August 5, 2022 – The Canadian Association of Insolvency and Restructuring Professionals (CAIRP) says the financial consequences of the pandemic, the economic volatility fueled by this year’s...
|CAIRP: Q1 2022 Canadian Insolvency Statistics
May 12, 2022
TORONTO – May 12, 2022 – Business insolvency filings in Canada rose 33.8 per cent in the first quarter of 2022 compared to the same quarter last year, the highest year-over-year increase in 31 years,...
|CAIRP: Q4 Canadian Insolvency Statistics
February 4, 2022
TORONTO – February 4, 2022 – The number of Canadian business insolvencies jumped 36.8 per cent in the fourth quarter. It was the largest rate of increase in 35 years of records tracked by the Office...
|CAIRP: Q3 2021 Canadian Insolvency Statistics
November 10, 2021
TORONTO – November 10, 2021 – The number of Canadian businesses that commenced bankruptcy or restructuring proceedings reached a new record-low in the third quarter. 536 businesses went through formal...
|CAIRP: July 2021 Canadian Insolvency Statistics
September 3, 2021
TORONTO – September 1, 2021 – While the fourth wave of the pandemic is prolonging financial uncertainty for many Canadians, the latest insolvency data from the Office of the Superintendent of Bankruptcy...
|CAIRP: Q2 2021 Canadian Insolvency Statistics
August 16, 2021
TORONTO, ON – August 16, 2021 – Despite the continued financial impact seen during the height of the pandemic, the number of Canadian businesses filing insolvency remains near an all-time low. Compared...
|CAIRP: March 2021 & Q1 2021 Canadian Insolvency Statistics
May 13, 2021
Q1 business bankruptcies at all time quarterly low TORONTO, ON – May 6, 2021 – The total number of consumer insolvencies filed in Canada increased by 22.8 per cent in March compared to February,...