Frank Kearney, MBA, CPA, CA
Insolvency Experience
One of the big five Chartered Accountancy firms and one of the best insolvency practices in Canada and globally
- Managed several major businesses through their insolvency, either as Receiver or Trustee
- Typically acted as the Chief Operating Officer, supervising employees and operations of financially troubled businesses while the businesses were being sold to others or (occasionally) being liquidated
- Safeguarded the assets of financially challenged business in order to maximize recoveries or enhance the marketability of the company
- Various customer business and production systems
- Lotus, WordPerfect and Microsoft Office software
- Managed a regional airline as Interim Receiver until it was purchased and ultimately became part of Air Canada Jazz
- Managed a 67 store drug store chain located in Ontario and Atlantic Canada as Receiver Manager - the business was largely purchased by Shoppers Drug Mart.
- Managed one of Canada's largest wholesale nurseries for 10 months until it was ultimately sold, yielding a full recovery for all classes of creditors
- Major Canadian banks and other lenders
- Business owners, employees of the business and its suppliers
- Prospective purchasers of the financially troubled business