A three-level program in both official languages
The CQP is a three-level program available in both official languages. For those accepted, the Program will include the following courses (for more detail refer to the chart below):
- The Introduction to Insolvency Course, providing an overview of the profession and allowing candidates to acquire a general understanding of the insolvency and restructuring field;
- The Core Knowledge Course, presenting the technical background needed by an insolvency and restructuring professional to practice; and
- The Applied Knowledge Course, an application-based course training candidates to develop and apply the skills required to succeed in their future career as an Insolvency and Restructuring Professional; and
- In addition, candidates will need to successfully complete the Insolvency Counsellor’s Qualification Course, which provides the theoretical foundation of insolvency counselling.
|Introduction to Insolvency Course|
|Core Knowledge Course|
This course is organized into 4 distinct modules:
Key concepts are introduced in each module but candidates are reminded that these concepts may apply and often do in different kinds of engagements. Key topics include:
|Applied Knowledge Course|
|Insolvency Counsellor’s Qualification Course (ICQC)|
The ICQC may be taken at any time during the candidate’s course of study.
Candidates must complete the ICQC prior to receiving CIRP certification or a trustee licence.
The OSB requires candidates to be enrolled in or to have successfully completed this course before appearing at the Oral Boards
|CNIE (Competency-Based National Insolvency Exam)|
- In order to complete the Program successfully, candidates must achieve a pass in all courses and assignments.
- The courses are designed to build on one another; therefore each course is a prerequisite to the next. The only exception is the ICQC, which may be taken at any time during the candidate’s course of study.
- Candidates must complete the ICQC prior to receiving CIRP certification or a trustee licence.
- Any candidate may receive course material in the other official language at no extra charge.
- There is no time limitation for candidates to complete the Program, however, candidates who remain inactive for three or more consecutive years will be required to reapply as if they were new applicants, unless a deferral is requested.
All of the details pertaining to the Program are also available in the Program Rules.
Candidates must acquire a minimum of 2,400 hours of relevant insolvency experience over the duration of the Program. This must be completed prior to writing the Competency-Based National Insolvency Examination (CNIE).
Candidates will be required to submit a yearly summation of their professional activities in the subject areas listed above, and an employer will need to corroborate the number of hours listed. Candidates will not be allowed to attempt the CNIE until the 2,400-hour requirement has been achieved.