CAIRP

Canadian Association of Insolvency and Restructuring Professionals

CIRP Qualification Program

The CQP is available in both official languages that leads to the CIRP qualification. The Program includes the courses/instructional components listed in the chart below. Consult the CQP program information for additional detail.

  • The Introduction to Insolvency Course: provides an overview of the profession and allowing candidates to acquire a general understanding of the insolvency and restructuring field;
  • The Core Knowledge Course: covers the technical knowledge needed to practice as an insolvency and restructuring professional; and
  • The Applied Knowledge Course: develops candidates’ ability to apply their technical knowledge to authentic cases and scenarios encountered by entry-level CIRPs; and
  • The Competency-based National Insolvency Examination: The CQP capstone exam that assesses candidates’ ability to demonstrate the competencies required of an entry-level CIRP.
  • The Practical Course on Insolvency Counseling: covers the information and techniques related to counselling debtors to regain financial stability.

Curriculum

Content Themes

Evaluation

Introduction to Insolvency Course

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  • Background material on insolvency, applicable statutes and the profession as a whole
  • Key Stakeholders: OSB, CAIRP
  • Risk Management / common issues
  • Preliminary do’s and don’ts
  • Ethics, conflict and professional conduct issues
  • Assignments
  • Self-administered exam

Core Knowledge Course

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Core Knowledge Exam - TBD

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This course is organized into 4 distinct modules:

  • Bankruptcy
  • Restructuring Alternatives
  • Receiverships
  • Special Topics

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:

  • Ethics, conflict and professional conduct issues
  • Roles and responsibilities of players
  • Assets & liabilities
  • Receivership, interim receivers, special appointments, e.g. liquidators
  • Bankruptcy
  • Methods of realization
  • Primary factors affecting insolvency/restructuring options
  • Proposals under the Bankruptcy and Insolvency Act (BIA), Division I & II
  • Continuing and monitoring operations
  • Proceedings under the Companies’ Creditors Arrangement Act (CCAA)
  • Insurance
  • Income and sales tax issues
  • Environmental issues
  • Insolvencies in an international context
  • Directors’ liabilities
 
  • Assignments
  • Core Knowledge Course Exam (100% multiple choice)
  • Candidates must be enrolled in the course for a minimum of six months prior to attempting the examination

Applied Knowledge Course

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  • Running an insolvency practice (business plans, marketing, communication, banking, etc.)
  • Ethics, conflict and professional conduct issues
  • Public trust and policy
  • Analysis of restructuring alternatives
  • Practice Risk Management
  • Critical Thinking Skill Development
  • Case Analysis, including access to 8 teaching case studies.
  • Assignments
  • Increasingly complex case studies
  • Candidate + sponsor sign off upon completion
  • Candidates must be enrolled in the course for a minimum of six months prior to attempting the examination

CNIE Preparatory Assignment ONLY

$100
February - August 2021

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Mini-Case assignment with two case study questions, one consumer-based and one corporate-based.

Mandatory completion.

The feedback from the assessment will help direct candidate's study for the CNIE, outlining strengths and weaknesses.

CNIE Preparatory Assignment & Mini-Case Debrief Session

$350
February - August 2021

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Mini-Case assignment with two case study questions, one consumer-based and one corporate-based.

Live Review of mini-case and 3 past exam questions and pre-recorded exam prep sessions.

Practical Course on Insolvency Counselling (PCIC)

 

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  • Personal Insolvency/Bankruptcy under the BIA
  • Interviewing and Counselling
  • Elements of Money Management
  • Money in Context

Notes:

The PCIC may be taken at any time during the candidate’s course of study.

Candidates must complete the PCIC 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

 
  • Online final exam
 

CNIE Tutorial - FULL

May - September 2021
$700

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An optional five-day training session offered to assist candidates in preparing to write the Competency-Based National Insolvency Exam.

Includes pre-recorded and live technical sessions, exam preparation and mini-case debrief - access until successful on CNIE.

CNIE (Competency-Based National Insolvency Exam) Date: TBD

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  • Comprehensive final exam covering material from all three courses (excluding the PCIC)
  • Tests candidates ability to demonstrate the competencies required of an entry-level CIRP as developed through the CQP program and work experience.

CNIE Appeals


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  • Remark only (entire paper) $250
  • Feedback only (entire paper) $300
  • Remark + Feedback (entire paper) $550
IMPORTANT: You must download this form before you register. Both you and your Sponsor must sign it. You will be required to upload it during the registration process.

Experience Requirement

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 summary of their professional activities in the subject areas listed in the Experience Hour Policy, 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.