Insolvency law cuts across almost every field of private law. The rights that are created in other fields of law can no longer be vindicated in the usual forum through the ordinary civil process once insolvency proceedings are commenced. Instead, the rights are enforced through the insolvency proceedings, and in some cases the nature and characteristics of the rights are significantly transformed. The impact of insolvency law on social and economic conditions both within Canada and worldwide is equally breathtaking. The fate of the Canadian blood supply system, the future of our national airlines, the recovery afforded to victims of institutional abuse, and the survival of entire communities have all hung in the balance.

Bankruptcy and Insolvency Law is the most up-to-date treatise on the subject currently available in Canada. The book is organized in a way that illuminates the structure of insolvency law, its aims and objectives, and its foundational principles. By focusing on the underlying principles of insolvency law the reader can see how these principles work in a variety of different situations and contexts. This, in turn, affords a deeper understanding of their nature and operation. It provides a careful and concise review of case law along with authoritative commentary on the issues facing those practising and adjudicating in the field. The book will appeal to judges and seasoned practitioners as well as to lawyers, other professionals, and students new to the field.

Roderick Wood teaches and publishes in the areas of commercial law, Bankruptcy and Insolvency Law, and debtor-creditor law. He has co-authored books on secured transactions law in Canada and New Zealand, is the author of a treatise on Canadian bankruptcy and insolvency law, and has written over two dozen articles in various law journals. He is the 2004 recipient of the Tevie H Miller Teaching Excellence Award for the Faculty of Law, a 2005 recipient of the AC Rutherford Award for Excellence in Undergraduate Teaching at the University of Alberta, and a 2006 recipient of a McCalla Professorship for his contribution to research in law at the University of Alberta. He is also a Senior Fellow at the University of Melbourne Law Faculty.Professor Wood has served as associate Dean at the Faculty of Law (1997–1999), as board member of the Alberta Law Reform Institute (1997–2001), and as commissioner of the Law Commission of Canada (2001–2006). Professor Wood was a member of the Canadian delegation at Diplomatic Conferences in Luxembourg in 2007 and Berlin in 2012 that produced international instruments governing the secured financing of rail assets and space assets, and was a member of the drafting committee that produced the text of the Luxembourg Protocol to the Unidroit Convention on International Interests in Mobile Equipment.

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