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June 6, 2022
Rise in business bankruptcies could signal a wave of defaults to come: expert
The number of bankruptcies filed by Canadian businesses is on the rise. According to the Canadian Association of Insolvency and Restructuring Professionals (CAIRP), there were 807 business bankruptcies...
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June 6, 2022
Canadians may see a 0.5% interest rate hike this week thanks to ‘persistent’ inflation
The Bank of Canada is likely to hike its benchmark interest rate another half a percentage point on June 1, further raising the cost of borrowing to tackle “persistent” inflation levels not seen in...
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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.
CAIRP: Q2 2025 Canadian Insolvency Statistics
August 6, 2025
TORONTO – August 6, 2025 – The latest data from the Office of the Superintendent of Bankruptcy (OSB) shows that 35,114 Canadians filed a consumer insolvency in Q2 2025, up 2.6% compared to the previous...
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How to Avoid Debt Relapse: Tips for Long-Term Financial Health
August 5, 2025
Becoming debt-free is a huge milestone—but staying debt-free is where the real challenge begins. After helping thousands of individuals navigate their way out of debt, I’ve seen firsthand that long-term...
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CAIRP: May 2025 Canadian Insolvency Statistics
July 9, 2025
TORONTO – July 9, 2025 – The latest data from the Office of the Superintendent of Bankruptcy (OSB) show consumer insolvencies rose modestly in May 2025, up 3.1% compared to April. There were 12,...
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