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Debt mounting for Imagine Adoption

Debt mounting for Imagine Adoption

570 News/The Record Cambridge | Thursday, July 16th, 2009 5:58 am

Cambridge - There's new information this morning about the Imagine Adoption agency in Cambridge that folded earlier this week.

The company is facing huge debt. A preliminary bankrupcty report finds the company owes $80,000 for two luxury vehicles it leased. The vehicles include a Lexus and Nissan Pathfinder. The company was also renting three properties in Cambridge with payment obligations of $13,000 a month.

Bankruptcy trustee Susan Taves tells today's Record that while early accounting shows the agency has a $363,000 shortfall, that number could rise because of the $800,000 in fees collected from families who applied to adopt.

Agency folds, puts couple's adoption plans on hold

Agency folds, puts couple's adoption plans on hold

Bankruptcy trustees take over company conducting arrangements for two children

By Sarah Mclellan, Edmonton Journal, with files from the Calgary HeraldJuly 16, 2009

Tammy Campbell and her family have been planning for the arrival of two adopted children from Ethiopia for months.

She and her husband, Scott, have been collecting Ethiopian art, tasting Ethiopian food and gathering children's books about African folklore.

Local couples left with nothing but grief

Local couples left with nothing but grief

ADOPTION: Bankrupt

Posted By RACHEL PUNCH, THE SUDBURY STAR

Posted 1 hour ago

Natalie and Chris Fournier turned to international adoption after trying for five years to have a child.

Alberta adoption hopefuls in limbo after Ont. firm falters

Alberta adoption hopefuls in limbo after Ont. firm falters

Province to aid broke agency's applicants

By Robin Summerfield, Calgary HeraldJuly 16, 2009 7:22 AMBe the first to post a comment

Delores and Shawn Bertin hold some of the paperwork they received from the adoption agency imagine adoption, which went bankrupt monday, leaving about 400 prospective families uncertain about their applications to adopt.

Photograph by: Ted Rhodes, Calgary Herald, Calgary Herald

Imagine Adoption: Gary Goodyear’s wife on the payroll – and the company they co-own is on the creditor list

Imagine Adoption: Gary Goodyear’s wife on the payroll – and the company they co-own is on the creditor list.

Tags: constant energy, gary goodyear, imagine adoption, kids link international, valerie goodyear

The Kitchener-Waterloo Record reports on the link between Valerie Goodyear and the ongoing Imagine Adoption/Kids Link International bankruptcy meltdown:

The 16 employees of the bankrupt agency included Valerie Goodyear, wife of federal cabinet minister and Cambridge MP Gary Goodyear.

In a written statement yesterday, Gary Goodyear said his wife helped place children with families and wasn’t involved with the agency’s finances. He also said he has never been involved with its operations. [...]

Ethiopian kids in limbo as adoption agency folds

Ethiopian kids in limbo as adoption agency folds

Last Updated: Thursday, July 16, 2009 | 6:18 AM PT Comments25Recommend20

CBC News

A woman from B.C.'s southern Interior who is in Ethiopia to adopt two children is calling on the Canadian government to help dozens of children stranded by the bankruptcy of an adoption agency.

The Ontario-based agency Kids Link, which operates Imagine Adoption in Ethiopia, went bankrupt Monday, jeopardizing hundreds of potential adoptions for new parents.

Adoption law to be changed before autumn

Adoption law to be changed before autumn

Romanians based abroad will qualify for adopting children from the country. The new law will shorten processing terms.

published in issue 4473 page 5 at 2009-07-16

Romanian nationals based abroad will be allowed to adopt children from Romania, adoption processing terms will be shortened and special adoption management offices will be set up following amendments to Law 273/2005 on the legal regime of adoptions to be adopted at the end of September, according to ‘Ziua’ daily. ‘There are many applications filed under Law 49/2009 stipulating that the inter-country adoption of a child already declared adoptable may only be approved in the situation where the adopting parent is the child’s next of kin up to the 3rd degree, Bogdan Panait, Secretary of State at the Romanian Adoptions Office, has stated. He further noted that, for the time being, the authorities were not considering the ‘liberalisation’ of international adoptions because such a thing could only happen when we have a very thoroughly regulated domestic adoption system and post-adoption procedures. According to the official, the new law will offer ways to expedite the processing of the adoption of children already declared fit for adoption. Romania currently has a total of 22,000 children in residential care and 20,000 in foster care, most of who have families and may not be offered for adoption, the source further explained. ‘Our intention is that all those children who are taken into care and who cannot be reunited with their families or extended families should be declared fit for adoption. It’s abnormal for an infant who is left behind in the maternity hospital to be raised by foster parents until coming of age’, Panait said. Only 1,000 children are currently adoptable in Romania. The number of families cleared for adoption is 2,500. The procedure is rather difficult, taking 15 months on the average.

by Adelina Mihut

Agency's implosion shows peril of adopting abroad

Agency's implosion shows peril of adopting abroad

The bankruptcy of Ontario-based Imagine Adoption puts on hold the dreams of hundreds of families

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Article Comments (25)

Hayley Mick

Adoption Agency Goes Bankrupt

Adoption Agency Goes Bankrupt

Josh Pringle

Wednesday, July 15, 2009

The Ontario Government is working with bankruptcy trustees and the Federal Government to see how families affected by the bankruptcy of an adoption agency can be helped.

The Ontario agency that specializes in adoptions from Africa has gone bankrupt.

NSW nears gay adoption

NSW nears gay adoption

Written by Peter Hackney

Wednesday, 15 July 2009 13:34

The inquiry into same-sex adoption in NSW has handed down its findings, recommending that same-sex couples be allowed to adopt.

The NSW Legislative Council Standing Committee on Law and Justice made the recommendation yesterday at the conclusion of the Adoption Practices in NSW Inquiry.