For Trustees —
How to Become a Trustee

The Superintendent of Bankruptcy has the authority, under the Bankruptcy and Insolvency Act (BIA), to grant trustee licences. Before granting a trustee licence, however, the Superintendent must be satisfied that candidates meet certain qualifications, as described in Directive No. 13R5, Trustee Licensing. They must, for example:

  • be of good character and reputation,
  • be solvent;
  • successfully complete the Chartered Insolvency and Restructuring Professional (CIRP) Qualification Program (CQP), the CIRP National Insolvency Exam and the Insolvency Counsellor’s Qualification Course; and
  • pass an Oral Board of Examination.

The Canadian Association of Insolvency and Restructuring Professionals (CAIRP) is responsible for the Chartered Insolvency and Restructuring Professional Qualification Program.

The Office of the Superintendent of Bankruptcy is responsible for the Oral Board of Examination process. Candidates who have completed the prerequisites can apply for an invitation to the oral boards using Form 2—Application for Trustee Licence. The deadline for applications to be received by the Office of the Superintendent of Bankruptcy for the 2015 oral boards is January 15, 2015.

2014 Oral Board of Examination Results

Information on Oral Boards of Examination

The following information is provided to assist candidates in planning and preparing for the Oral Boards of Examination.