Preface to the first edition

AuthorRoderick J. Wood
Pages33-35
xxxiii
PR EFAC E
to the First Edition
There are some who think that in solvency law is a narrow and technical
topic. They are wrong. The breadth of its domain is quite astounding.
A salient characteristic of insolvency law is that it cuts across almost
every f‌ield of private law. The rights that are created in these other
f‌ields of private 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. If by “technical” what is meant is that insolvency
law is sometimes diff‌icult, well then that will be conceded. But who
would reasonably think that it could be otherwise?
One method of organizing a book on insolvency law is to include
chapters that discuss the effects of insolvency law on particular kinds
of legal relationships. This would entail separate chapters dealing with
bankruptcy and family law, bankruptcy and landlord-tenant law, and
the like. The weakness of this mode of organization is that the animat-
ing principles of insolvency law tend to fade into the background. I
have chosen to organize this book in a way that will illuminate the
structure of insolvency law, its aims and objectives, and its founda-

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