Kelowna Pacific Railway Generates Media Interest


The assignment in bankruptcy of Vernon BC based Kelowna Pacific Railway is generating a lot of media attention.

Boale, Wood & Company Ltd. has been  appointed as Trustee (details here).

Here are links to some of the recent media stories about Kelowna Pacific Railway:



David Wood named Vice-Chair of CAIRP


(David Wood has since been named Chair of CAIRP, please see this update)

The Partners of Boale, Wood and Company Ltd. are pleased to announce that David Wood has been named Vice-Chair of the Canadian Association of Insolvency and Restructuring Professionals (“CAIRP”).

David is very excited about this appointment and his new volunteer role with CAIRP.  David has volunteered for numerous committees with CAIRP over the years and brings a wide breadth of knowledge and experience to CAIRP.  David will continue his role at Boale, Wood & Company Ltd. and will continue to advise debtors in financial difficulty about their options.

Boale, Wood & Company Ltd. is an insolvency boutique that is able to help businesses and individuals with their financial problems. We provide creative and practical insolvency advice to both individuals and companies facing financial difficulty. We offer a full range of insolvency services to individuals such as proposals to your creditors, financial counseling and bankruptcies.  We also offer a complete range of business services including informal workouts, formal restructurings, proposals to creditors, receiverships and bankruptcies.

The Canadian Association of Insolvency and Restructuring Professionals (CAIRP) is a national professional organization representing some 920 general members acting as Trustees in Bankruptcy, Trustees and Administrators in Proposals, receivers, agents, monitors, and consultants in insolvency matters, as well as 400 articling members, and 215 corporate, life, and inactive members. A non-profit corporation, CAIRP was created in 1979 to advocate a fair, transparent, and effective system of insolvency/restructuring administration throughout Canada.

For more information, please contact Boale Wood and Company Ltd.   604-605-3335

New Canadian Insolvency Network Formed


New Canadian Insolvency Network Formed

Vancouver, British Columbia – July 19, 2012.

A new network of independent insolvency and restructuring professionals has been formed to provide professional services across Canada.

ICIN – the Independent Canadian Insolvency Network, was created as an alternative to using large national firms for multi-province files. This is a first for the insolvency industry.

This network serves to provide national presence to assist and service creditors and debtors. The array of knowledge and resources available is amazing. ICIN can offer its services on a national basis with the flexibility and affordability of a local insolvency firm.

The Partners of Boale, Wood & Company Ltd. are excited at the opportunity to be part of the network.

The member firms of ICIN are Trustees in Bankruptcy and members of the Canadian Association of Insolvency and Restructuring Professionals. They act as trustees, receivers, and consultants. Collectively, they provide the resources of 23 trustees in bankruptcy, 37 offices, and a total of 87 trained staff.

Member Firms:

British Columbia – Boale Wood & Company Ltd.
Alberta: Hudson & Company Insolvency Trustees Inc.
Saskatchewan – Pinder Bueckert & Associates Inc.
Ontario – msi Spergel Inc.
Quebec – Tremlay & cie. Ltee.
Maritimes – Powell Associates Ltd.


Norman Kondo
National Director
Toronto, ON

click here to download the press release