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Feature
Another Five Years at the Helm
February 6, 2024
Appointed for a second term, the Superintendent of Bankruptcy helmed the insolvency regime through COVID and has set her sights on improving the post-pandemic future.
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Cases we are Following
In Case You Missed It: Decisions on Our Radar
February 6, 2024
The financial restructuring group at Davies Ward Phillips & Vineberg LLP is tracking the following cases. We have briefly described issues and updates for each case relevant to the CAIRP membership. Unless otherwise noted, the information in the chart is current to January 9, 2024—more recent developments in each case are not reflected.
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CAIRP Chair's Reflections
Chair’s Message: Rebuilding Success
February 6, 2024
With the start of a new year comes many new opportunities and challenges for CAIRP members and the insolvency and restructuring profession. Over the last few years, the insolvency marketplace has been...
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In Depth
COVID and the Courts
February 6, 2024
-- A microscopic bug changed the mighty legal system, but not entirely for the worse --
By Joanne Paulson
When COVID-19 slammed into society in early 2020, the reaction by Canadian governments was swift...
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Legal Commentary
Asserting Limitation Period Defences in the Bankruptcy Context
February 6, 2024
-- A Case Comment on AssessNet Inc. v. Ferro Estate, 2023 ONCA 577 --
By Matilda Lici, Associate, Aird & Berlis LLP and Sam Babe, Partner, Aird & Berlis LLP
The Court of Appeal for Ontario in AssessNet...
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Opinion
Magical Mystery Tour
February 6, 2024
-- The need for more collective action to serve the LIT profession --
By Douglas Hoyes, BA, CPA, CA, CIRP, LIT, CBV, Co-founder, Hoyes, Michalos & Associates Inc. and Howard Manis, Senior Counsel, Manis...
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Academic Perspective
Trends in Business Insolvency Rates: Economic Conditions and Beyond
February 6, 2024
Benoit Mario Papillon, Ph.D.
Department of Finance and Economics
School of Management, UQTR
The OSB reports a business insolvency rate for 2022 of 0.8 companies per thousand existing businesses. This...
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Corporate Insolvency
The Final Curtain Call... EncoreFX
February 6, 2024
Authors:
William E.J. Skelly, Partner, MLT Aikins LLP
Dana M. Nowak, Partner, MLT Aikins LLP
Case Link: EncoreFX Inc. (Re), 2023 BCSC 39
-- Introduction --
The insolvency of EncoreFX Inc. (EncoreFX)...
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Education Update
Rebuilding, It’s What We Do: A Report on the CIRP Qualification Program Renewal
February 6, 2024
By Tim Carson, FCIRP (ret,), LIT, (Interim) Director, Education Programs, CAIRP
Rebuilding. It’s what we do. Renew, rebuild. And, so it is with the CQP Renewal Program.
For anyone who hasn’t been...
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CAIRP Awards
Recognizing the Extraordinarily Exceptional!
February 6, 2024
By Donna Collins, FCIRP (ret.)
In any given year, a high percentage of CAIRP’s members volunteer their time and expertise in some capacity. These volunteers have discovered the secret of volunteerism: You...
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Book Review
An Overview of “Reinventing Bankruptcy Law”: A History of the Companies’ Creditors Arrangement Act
February 6, 2024
Virginia Torrie, Associate Professor, University of Manitoba, Faculty of Law
The Companies’ Creditors Arrangement Act (CCAA) has been on Canada’s statute books for almost 90 years. In the last four...
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Rebuilding Success Magazine
Rebuilding Success is a must-read magazine for current and future insolvency and restructuring professionals, and stakeholders within the industry. Read the latest digital issue and browse the magazine archives.
Read the issuesWelcome 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.
Back to School Season
September 13, 2024
It's that time of year again and retailers are busy trying to encourage you to spend money with them!
As exciting as it may be, this can be a stressful time for parents trying to budget for all the necessary...
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The Impact of Bankruptcy on Shareholders and Directors of Small and Medium Enterprises in Canada
August 9, 2024
Bankruptcy can be a daunting prospect for any business, but it is particularly significant for shareholders and directors of small and medium enterprises (SMEs). When a company incorporated under provincial...
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Avoiding a Fall Financial Hangover
June 25, 2024
Living in Montreal, there are two times a year when it becomes very difficult to control your spending. During the depths of winter, Montreal can be harsh and unforgiving, and I am not just talking about...
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Find out the latest news from CAIRP on the insolvency and restructuring industry. Press releases from recent years are available in this section.
For media enquiries, please contact Angela Joyce, Media Relations, at aj@whiterabbitpr.com.
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CAIRP: Q2 2024 Canadian Insolvency Statistics
August 2, 2024
Consumer Insolvencies Rise 12.4% Year-Over-Year, Reaching Highest Level in Four Years. Business Insolvencies Jump 41.4% Year-Over-Year, the 10th Consecutive Double-Digit Increase
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CAIRP: May 2024 Canadian Insolvency Statistics
June 28, 2024
TORONTO – June 28, 2024 – Consumer insolvencies increased 11.3% in May compared to the same month last year, according to the latest data from the Office of the Superintendent of Bankruptcy (OSB)....
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CAIRP: Q1 2024 Canadian Insolvency Statistics
May 3, 2024
TORONTO – May 3, 2024 – Consumer insolvency filings have reached the highest level since the fourth quarter of 2019 before the pandemic. On average, about 372 Canadians a day filed a consumer insolvency...
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