Home

Canadian Association of Insolvency and Restructuring Professionals/Association canadienne des professionnels de l’insolvabilité et de la réorganisation

Submitted by admin on Mon, 09/22/2008 - 14:43

CAIRP’s 880 general members comprise the vast majority of Canadian professionals acting as trustees in bankruptcy, receivers, monitors, agents and consultants in insolvency and restructuring matters. CAIRP has 536 members in the articling, life and corporate categories. General members may use the certification mark ‘CIRP’ (Chartered Insolvency and Restructuring Professional).

Vision, mission and values
The Vision for CAIRP is that members are recognized leaders in providing solutions to financially challenged individuals and businesses. The Mission of CAIRP is to:

  1. Educate and support its members in providing insolvency, restructuring and related advisory services in a manner that instils the highest degree of public trust; and
  2. Advocate for a fair, transparent and effective system of insolvency and restructuring administration throughout Canada. CAIRP and its members are committed to professionalism, trustworthiness and objectivity.

CAIRP and its members are committed to professionalism, trustworthiness and objectivity. General membership is open to anyone who completes the National Insolvency Qualification Program (NIQP), and is licensed as a trustee in bankruptcy. CAIRP and the Superintendent of Bankruptcy jointly administer the NIQP, which harmonizes the qualifications required to become a CIRP and to become a trustee in bankruptcy. The NIQP promotes CAIRP’s goal of all CIRPs being trustees and all trustees being CIRPs.

As a professional organization, the Association:

  • sets standards of practice and ethics and Mandatory Professional Development requirements;
  • provides continuing education seminars across Canada for members, and education for their staff;
  • intervenes in legal cases of national significance;
  • advocates for legislative reform that enhances the fairness and effectiveness of the insolvency process in Canada;
  • publishes Rebuilding Success magazine twice a year;
  • created the Canadian Insolvency Foundation (CIF).