Boale Wood & Co

What Boale Wood & Co does

Boale, Wood and Company Ltd. is a privately held Licensed Insolvency Trustee (LIT) firm headquartered in Vancouver, British Columbia, founded in 2004 by David Wood. The firm administers formal debt-relief proceedings — consumer proposals, personal bankruptcies, commercial/Division 1 proposals, and associated insolvency counselling — under the federal Bankruptcy and Insolvency Act, with trustees licensed and supervised by the Office of the Superintendent of Bankruptcy. It also facilitates Debt Management Programs through accredited credit counsellors and serves a secondary segment of landlords and tenants affected by insolvency proceedings. Operations are delivered through direct client engagement, with offices in Vancouver and Surrey, virtual-meeting channels (Zoom, Microsoft Teams, telephone, email), and a free initial consultation offered as the top-of-funnel entry point.

The firm's revenue model is professional services fees for administering consumer proposals and bankruptcies, with tariffs set by the OSB rather than freely priced. Customer acquisition is primarily sales-led, drawing on a long-running SEO/content marketing archive of insolvency blog articles, professional referrals (including CAIRP and OSB resources), and the reputation of its senior practitioners. The practice serves individuals and small businesses in British Columbia and the Yukon and has helped thousands of individuals and families with overwhelming debt, including credit card balances, CRA tax debt, and student loans.

In September 2025, founder David Wood announced the wind-down of the company and his retirement, joining Greg Best at Smythe Insolvency Inc. to handle new engagements while Boale, Wood and Company Ltd. concludes existing client files. The firm is no longer accepting new clients. No institutional investors, parent entities, or subsidiaries are reported.

Name

Boale Wood & Co

Legal name

Boale, Wood and Company Ltd.

Website

https://boalewood.ca

Company type

Private

Founded year

2004

Operating status

Operating

Headcount range

11–50 employees

Short description

Boale, Wood and Company is a Vancouver-based Licensed Insolvency Trustee firm that administers consumer proposals, bankruptcies, and debt counselling for individuals and small businesses in British Columbia and the Yukon under federal bankruptcy legislation.

Ownership category

akta.pro rank

Product category

Insolvency Services

NAICS

Offices of Lawyers (541110)

akta.pro primary industry

Bankruptcy, Insolvency & Restructuring Servicing (Consumer) (FSAKAJAK)

akta.pro secondary industry

Bankruptcy, Restructuring & Insolvency Law (BPAHAAAH)

Keywords

• Insolvency services
• Debt relief
• Consumer proposals
• Bankruptcy filings
• Debt counselling

Headquarters

HQ city

Vancouver

HQ country

Canada

HQ region

North America

Offices3 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Others

Revenue model

1. Insolvency Administration Services: Fees for administering consumer proposals and bankruptcies, governed by government regulations through the Office of the Superintendent of Bankruptcy. The fees are set by the OSB and are public information.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

Boale, Wood & Company Ltd. is a Licensed Insolvency Trustee firm that administers consumer proposals, personal bankruptcy filings, and commercial insolvency proposals under the Bankruptcy and Insolvency Act. Services are delivered directly to individuals and small businesses in British Columbia and Yukon, starting with a free initial consultation with a Licensed Insolvency Trustee.

Product overview

Boale, Wood & Company Ltd. is a Licensed Insolvency Trustee firm operating since 2004 that provides debt relief services to individuals and small businesses in British Columbia and Yukon. The firm operates as a service-based practice offering a suite of insolvency solutions: Consumer Proposals for individuals owing less than $250,000, Commercial Proposals for businesses with no debt limit, Personal Bankruptcy services with mandatory counseling, and Debt Management Programs through accredited credit counselors. The core service delivery involves licensed trustees assessing client finances, administering formal insolvency filings under the Bankruptcy and Insolvency Act, and providing ongoing counseling. Initial consultations are provided free of charge across multiple channels (in-person, phone, video).

Differentiator

Problem solved

Functional benefit

Products and services

• Consumer Proposals A formal legal offer to creditors, administered by a Licensed Insolvency Trustee under the Bankruptcy and Insolvency Act, for individuals owing less than $250,000 excluding their primary residence mortgage. The proposal typically repays a percentage of debt over an extended period.
• Personal Bankruptcy Services A federally regulated legal process administered by a Licensed Insolvency Trustee to discharge the debts of honest but unfortunate debtors, including initial consultation, application paperwork, asset review, monthly reporting and payments, mandatory counselling sessions, and discharge assistance.
• Commercial / Division I Proposals A formal insolvency proposal administered under the Bankruptcy and Insolvency Act for businesses with no debt limit, subject to creditor voting requirements, used to restructure commercial debt obligations.
• Debt Management Program (DMP)

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Three partnerships are on record, tiered core.

• Smythe Insolvency Inc.coreStrategic or Co-development Partner · 1 September 2025David Wood has joined Greg Best at Smythe Insolvency Inc. as part of the wind-down of Boale, Wood & Company Ltd. All new engagements will be handled under the Smythe banner while existing client files are concluded at BWC. Smythe Insolvency is a highly respected local firm providing insolvency services to individuals and small businesses for over 40 years.
• Canadian Association of Insolvency and Restructuring Professionals (CAIRP)coreOthersProfessional association for Licensed Insolvency Trustees. Members are governed by strict ethics and codes of conduct including rules regarding advertising, training, and licensing. CAIRP is the national professional organization for insolvency practitioners.
• Office of the Superintendent of Bankruptcy (OSB)coreOthersFederal government body responsible for supervising the insolvency process, protecting the public interest, issuing licenses to Trustees, and reviewing Trustee activities to ensure fair treatment under the Bankruptcy and Insolvency Act.

Scale indicators3 records

Recent moves6 records

Direct peers

• Farber Financial Solutions: Farber is a Canadian boutique insolvency firm providing LIT services including consumer proposals, personal bankruptcy, and commercial restructuring. Closely aligned operating model and customer segments to BWC, with multiple provincial offices.
• David Sklar & Associates: David Sklar & Associates is a long-standing Canadian Licensed Insolvency Trustee firm in the Greater Toronto Area providing consumer proposals, bankruptcy, and debt counselling. Boutique LIT peer operating in the same regulatory regime as BWC.
• Smythe Insolvency Inc. Smythe Insolvency is a Vancouver-based Licensed Insolvency Trustee practice that has been absorbing BWC's engagements and practitioner David Wood since September 2025. Operates the same regulated LIT model in BC, serving individuals and small businesses with consumer proposals and bankruptcies.
• Hoyes Michalos & Associates Inc. Hoyes Michalos is a Licensed Insolvency Trustee firm specializing in consumer debt relief across Ontario and other provinces. Offers consumer proposals and bankruptcy services directly comparable to BWC's consumer-focused mix.

Broad incumbents

• KPMG LLP (Canada) — Restructuring: KPMG's Canadian Restructuring practice handles corporate insolvency and Bankruptcy Act proceedings, though with more focus on corporate/commercial cases than BWC's consumer-heavy book. Licensed Trustee capability overlaps with BWC.
• Deloitte Restructuring (Canada): Deloitte's Canadian Restructuring practice provides insolvency services and licensed Trustee capacity for mid-market and corporate engagements. Overlaps with BWC's Division I/Commercial Proposal capabilities.
• Grant Thornton LLP (Canada): Grant Thornton's Canadian Restructuring Advisory practice offers personal and corporate insolvency services, with licensed Trustees administering consumer proposals and bankruptcies. Functions as both peer and potential acquirer of regional LIT books.
• BDO Canada Limited: BDO's Restructuring and Insolvency practice in Canada provides consumer proposal and bankruptcy services through licensed Trustees, alongside broader corporate restructuring. Comparable regulated LIT offering to BWC with national reach.
• MNP LLP (Debt Services): MNP is one of Canada's largest full-service accounting and insolvency firms with a national Licensed Insolvency Trustee practice offering consumer proposals, bankruptcy, and debt consolidation. Comparable service mix to BWC but at much greater scale across Canada.
• Ernst & Young LLP (Canada) — Restructuring: EY Canada's Restructuring practice handles corporate insolvency, receiver appointments, and LIT services for larger and commercial matters. Comparably structured licensed insolvency offering at much larger scale.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/askatrustee
• Facebookfacebook.com/boalewood

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Boale Wood & Co