When the Imagine Adoption Agency of Canada went bankrupt earlier this year, hundreds of hopeful adoptive families were left in the lurch. Now the agency has been restructured and re-licensed, thanks in large part to additional financial support from those same clients. According to CBCNews, families agreed to pay an additional $4,000 each to revive the troubled agency. According to the report:
As part of Imagine's restructuring, the agency formed a new eight-member board of directors and pledged close communications with accounting and consulting firm BDO Dunwoody. It also chose to focus its efforts on one country — Ethiopia — and declined to renew partnerships in Ghana and Ecuador.
Scott Farrell, a Burlington man who is now the agency's treasurer, said the revamped organization worked diligently to get things back on track. Many of the new directors had adopted children themselves and were motivated to help the families left stranded by the bankruptcy.
"It's all about the children," Farrell said. "That keeps us going and really that's what it's all about for us."
