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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

Kaitlin Verge, CIRP, LIT 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

Brandon Smith, CIRP, LIT 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

Shannon Jackson, CIRP, LIT 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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