Membership Guidelines & Application

All queries and applications can be emailed to Executive Director Meghan Cross.

Membership Application & Guidelines  

Those interested in pursuing membership in the IIC must complete a Membership Application.

• Membership Guidelines
• Membership Application (fillable PDF)
  

The IIC is a professional, educational, and honorary association of commercial insolvency and bankruptcy professionals, including lawyers, trustee/financial advisors, academics and officers of lending institutions and others who are dedicated to the improvement of the insolvency process and the enhancement of the professional quality of and public respect for the commercial insolvency and bankruptcy practice.

Our membership is comprised of members who are committed to furthering the objectives of the IIC. The membership policy currently provides for 140 Regular members drawn from experienced insolvency practitioners. The membership policy currently provides guidelines that, as a pre- requisite for membership, the applicant must have been practicing for at least 10 years, with such time-period running from either the call to the bar or from obtaining the CIRP, licensed insolvency trustee (LIT) or other appropriate designation.

Membership shall be restricted by invitation to honour those individuals who have proven to their peers, through long, continuous performance in their insolvency specialty that they possess: (i) the highest professional qualifications and ethical standards; (ii) that high level of character, integrity, professional expertise and leadership which demonstrates the likelihood that they will continue to contribute to the enhancement of insolvency scholarship, continuing education and the insolvency process; (iii) a commitment to fostering and furthering the objectives of the IIC; (iv) sustained, exceptionally high quality professional services to clients, bar and public; (v) significant evidence of scholarship, teaching, lecturing, and/or distinguished published writings on bankruptcy practice, procedure, philosophy, improvements and reforms which demonstrates a consistent contribution to the enhancement of bankruptcy and insolvency literature, education, insolvency practice and the insolvency process.

Academic Membership 2024

For the purposes of membership in the Academic Member category, an academic is someone who is not a practitioner in the field, but is actively involved in teaching, researching, and publishing on commercial restructuring and insolvency issues and cases. Academic membership shall be capped at a maximum 5% of the Regular membership. Academic Members recommended for admission by the National Membership Committee, may be admitted to the Institute by resolution of the Board.

1. An Academic Member may apply for membership with the submission of a CV to the NMC demonstrating they meet the requirements of membership;

2. Academic Members will be admitted to membership for a five-year renewable term commencing at the next Annual General Meeting (AGM) after their admission. To retain membership, Academic Members are required to demonstrate their continued active involvement in teaching, researching, and publishing on commercial restructuring and insolvency issues and cases;

3. An Academic Member may attend Institute conferences and other events subject to the requirement to pay the normal registration and other fees payable by Regular Members.  Academic Members shall not have the right to vote at any Meeting of Members, to serve on Committees as a voting Member or to be a Director of the Institute;

4. Annual Membership fees are waived for Academic Members but may be established from time to time by the Board;

5. Academic Members are required to inform the Board and step down from membership should they no longer be actively involved in teaching, researching, and publishing on commercial restructuring and insolvency issues and cases;

6. An Academic Member must contribute at least one (1) paper to the IIC Journal or undertake a significant project, as approved by the Board, within each five (5) year term

7. Co-Editors of the IIC Journal shall be admitted under the Academic membership category but are not included in the 5% of Regular Membership cap. Co-Editors are not required to contribute a paper to the IIC Journal or undertake a significant project during their term as a Co-Editor. Co-Editors must serve on the Editorial Advisory Committee for the length of their contract. Upon completion of their contract as a Co-Editor, they are subject to all terms and conditions of Academic membership.