BDO buys KPMG’s consumer insolvency practice

BDO Canada Limited has announced the purchase of KPMG’s consumer insolvency practice. It will be merged into BDO’s national financial recovery services practice. Effective August 26th, 2011, the practices now operate under the BDO Canada Limited name.

“We are proud to combine forces with such a strong practice,” said Bill Courage, National Insolvency Practice Leader, of BDO Canada Limited stated. “Our teams and leadership groups across the country share a common strength and philosophy of helping individuals and business owners find win-win solutions with creditors. We are excited to have KPMG’s team of well-respected professionals and their staff joining BDO.”

BDO’s financial recovery services practice now consists of 76 Chartered Insolvency and Restructuring Professionals and over 240 other professional and administrative staff combined. This sale makes BDO one of the largest teams of professionals providing consumer insolvency services in Canada.

The newly expanded team of trustees in bankruptcy, proposal administrators, credit counsellors and support staff will continue delivering quality, timely and professional advice to individuals and businesses with financial difficulties across Canada.

KPMG CEO Bill Thomas said his company is focusing on its corporate restructuring and turnaround services.

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