The scope of insolvency law is vast, impacting nearly every area of private law. Once insolvency proceedings are initiated, rights established in other legal fields can no longer be enforced through ordinary civil processes but must be addressed through specialized insolvency proceedings, often altering the nature of those rights. From the Canadian blood supply system and national airlines to the recovery of victims of mass torts, Bankruptcy and Insolvency Law illustrates how insolvency law influences the fate of individuals, businesses, and entire communities.
The third edition offers an in-depth examination of the full spectrum of Canadian bankruptcy and insolvency systems, exploring their structure, objectives, and guiding principles. This edition provides an analysis of the most recent developments in insolvency law such as the new duty of good faith, reverse vesting orders, litigation funding, and the judicial power to make orders in national receivership proceedings. It also introduces a new chapter on the future of Canadian insolvency law, highlighting the challenges in the current system and the need for reform. Bankruptcy and Insolvency Law demonstrates how insolvency law shapes not only legal outcomes but also the very foundation of our economic and social systems.

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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