The Canadian Association of Insolvency and Restructuring Professionals (CAIRP) is the national professional organization representing 887 general members acting as trustees in bankruptcy, receivers, agents, monitors and consultants in insolvency matters. There are an additional 537 members (in the articling, life and corporate categories. The Association is a non-profit corporation, established in 1979 to advance practice of insolvency administration and the public interest related to it.
The OSB helps ensure that bankruptcies and insolvencies are conducted in a fair and orderly manner.
The Wage Earner Protection Program (WEPP) reimburses eligible workers for unpaid wages, vacation pay, severance pay and termination pay they are owed when their employer declares bankruptcy or becomes subject to a receivership under the Bankruptcy and Insolvency Act.