This edition of What’s Happening highlights some key innovations on which CAIRP has been working for some time to better serve our members.

For more than two years, CAIRP has been leading efforts to promote a new designation to replace Trustee in Bankruptcy that better recognizes the breadth of services that trustees offer individuals and businesses in financial difficulty. This is critical to helping our members compete against a growing number of unlicensed providers who are often not able to offer debtors the help they need.

We have worked closely with the Office of the Superintendent of Bankruptcy on this issue and we expect that the Superintendent will announce the new designation shortly. CAIRP will be there to provide members with the tools they will need to adopt the new designation once it comes into place.

The other innovation that we are very excited about is our combined corporate/mid-market/consumer forum to be held in Toronto in May. This is a pilot project that we hope will bring together members from all different practices to review latest developments in their own sphere while being able to network with a much larger number of trustees that ever before. We are confident that the new formula will work well.

At the same time, the content of our insolvency and restructuring forums in other cities will be more tailored to what is happening in each particular region of the country and be more relevant to our members.

All in all, the next few months promise to be an exciting time for CAIRP and each of you as members.

- Mark Yakabuski, CAIRP President and Chief Operating Officer

Important note on the OSB Advertising Directive

Further to the recent bulletin issued by the Superintendent of Bankruptcy, CAIRP wishes to reiterate to our members that the current Advertising Directive 29R2 remains in place until a new directive is issued. All trustees are required to use the designation Trustee in Bankruptcy in their advertising until a new directive is in place.

Members should abstain from using any other designation. While much work has been done by CAIRP to ensure that the new designation fully reflects the breadth of services offered by trustees, there are no assurances that the new designation announced by the Office of the Superintendent of Bankruptcy will be Licensed Trustee in Insolvency and Restructuring.

CAIRP will be working hard to ensure that our members have all the tools that they will need to adopt the new designation once it comes into effect.
David Wood named chair of CAIRP, new board elected

A new CAIRP Chair and Board of Directors were elected during a vote held at the Annual General Meeting in Whistler, B.C., in August.

Taking the position of Chair is David Wood, CIRP, a Vancouver-based trustee who previously served as vice-chair of the association.

A founding partner of boutique insolvency firm Boale, Wood & Company Ltd., Mr. Wood has been a member of CAIRP’s board since August 2013 and is past president of the British Columbia Association of Insolvency and Restructuring Professionals.

Chantal Gingras, CIRP, will serve as Vice-Chair. Ms. Gingras, of Gatineau, Que., was previously Secretary of the board. Ian Schofield, CA, CIRP, CBV, of MNP Ltd. in Regina, Saskatchewan, is CAIRP’s new Secretary. Vancouver-based trustee Craig Munro, CA, CIRP, of FTI Consulting Canada Inc. joins the executive as Treasurer. Vanessa Allen, CIRP, of Deloitte Restructuring Inc. in Calgary, Alberta, was named Executive at Large. CAIRP President and Chief Operating Officer Mark Yakabuski remains a standing member of the board’s executive.

Provincial Representatives elected to the board are:

  • Karen Adler, CIRP, of Rumanek & Company Ltd. in Toronto
  • Nathalie Brault, CPA, CMA, CIRP of Nathalie Brault Syndic Inc. in Laval, Québec
  • Philip Clarke, CPA, CA, CIRP, of PricewaterhouseCoopers Inc. in Moncton, New Brunswick
  • Virginie Comtois, CPA, CA, CIRP, of Raymond Chabot Inc. in Brossard, Québec
  • Sharon S. Hamilton, CPA, CA, CIRP, of Ernst & Young Inc. in Toronto
  • Joe Healey, CPA, CA, CIRP, of Ernst & Young Inc. in Winnipeg, Manitoba
  • Robert (Rob) Hunt, CPA, CA, CIRP, of Grant Thornton Ltd. in Halifax, Nova Scotia
  • Jennifer McCracken, CIRP, of Campbell, Saunders Ltd. in Vancouver, BC
  • Nancy Snedden, CPA, CA, CIRP, of Deloitte Restructuring Inc. in St. John's, Newfoundland and Labrador

Joining the board as Representative to the Canadian Professional Accountants is Jorden Sleeth, CPA, CA, CIRP, from KPMG Inc. in Toronto. The New Member Representative is Linda Paul, CIRP, of MNP Ltd. in Abbotsford, B.C.

Outside Directors elected to the board are Michael Bray, Q.C., of Foster & Company in Fredericton, N.B. and Steve Erwin, Manager of Corporate Communications at the Windsor Regional Hospital in Windsor, Ontario.

The Hon. Yoine Goldstein, B.A., B.C.L. (Hons.), D.E.C.D., D.de l'U. (Hons), L.L.D., Ad.E., of McMillan LLP in Montréal will continue in his appointment as special advisor to the board.

CAIRP wishes to thank all of our new board members and those returning to help guide the association during a busy and exciting time.

Watch out for special updates on upcoming CAIRP Education events!

CAIRP has an exciting array of upcoming continuing education events for 2016, including some special program innovations that will be certain to pique your professional interest. Watch for CAIRP communications in the coming days for more information.

2015 CQP events

October 28 and 29, 2015 - 2015 Competency-Based National Insolvency Exam (CNIE)

December 1, 2015 - ICQC Registration Begins (2nd session)

The latest from CAIRP’s blog

Be sure to check out CAIRPblog for our latest post, a recap of the 2015 CAIRP Annual Conference from CAIRP Board member Jennifer McCracken.

Annual Conference photos

CAIRP has posted a number of pictures from the Annual Conference on our Facebook page at www.facebook.com/CAIRP.ca. Feel free to browse the gallery and download the pictures you like.


Don’t forget to update your contact information!

Don’t forget to update your contact information when it changes. Notices regarding membership renewal, Board of Directors elections and general meetings of members are sent to the email address you have provided. As a member of CAIRP you are responsible for providing up-to-date and accurate email and mailing addresses to ensure that you continue to receive these important notices. You can update your contact information in the My Profile section of the members-only website at www.cairp.ca. To change your firm name, please contact CAIRP Membership and Committee Relations Manager Baalqis Hassan at 416-204-3439 or baalqis.hassan@cairp.ca

Canadian Association of Insolvency and Restructuring Professionals
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Phone 416.204.3242 | Fax 416.204.3410 | Email: info@cairp.ca

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