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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.
What to keep in mind when refinancing your home
May 24, 2023
According to the Canadian Bankers Association, in December 2020 Canadian homeowners had an average home equity of 73% of the home’s value. I suspect this statistic is largely attributed to mature homeowners...
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CAIRP: Q1 2023 Canadian Insolvency Statistics
May 10, 2023
More than 29,700 people became insolvent in the first three months of 2023 – an average of 330 people each day
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Impact of Inflation and Recession on Debt Repayment
May 5, 2023
Inflation is a sustained increase in the general level of prices for goods and services in an economy over a period of time. It means that the purchasing power of money decreases as the cost of goods and...
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