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.
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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What happens to your debt when you die?
October 10, 2024
The age old saying “you can’t take it with you” is interpreted to mean that your money and possessions cannot transcend beyond the grave, and therefore you should enjoy yourself while you are alive....
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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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