Preface to the first edition

AuthorRoderick J. Wood
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 characteri stic 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 i n the usual forum
through the ordinar y civil process once insolvency proceedings are
commenced. Instead, the right s are enforced through the insolvency
proceedings, and in some case s the nature and characteristics of the
rights are signi f‌icantly transformed. The impact of in solvency law on
social and economic conditions both within Canada and worldwide is
equally breathtak ing. The fate of the Canadian blood supply system,
the future of our national airli nes, 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 dif f‌icult, well then that wil l 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 th at the animat-
ing principles of insolvency law tend to fade into t he background. I
have chosen to organize this book in a way that wil l illuminate the
structure of insolvency law, its aims a nd objectives, and its founda-

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