Al Hutchens
Managing Director
Quick facts
20+ years of restructuring and turnaround experience
Significant CCAA mandates, including Ben Moss Jewelers, Target Canada, Extreme Fitness, InterTAN Canada (the Canadian subsidiary of Circuit City) and the MAAX group of companies
Chartered Professional Accountant, Chartered Insolvency and Restructuring Professional, Trustee in Bankruptcy
Bachelor's degree in commerce, University of Ottawa
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Al Hutchens is a Managing Director with Alvarez & Marsal Canada in Toronto, specializing in providing turnaround and restructuring advice to corporations and their stakeholders.

With more than 20 years of experience, Mr. Hutchens has advised a broad range of clients, including corporate boards and management, lending syndicates and secured creditors. He brings extensive experience in the review and development of business plans and financial projections, assessment and development of recapitalization and restructuring alternatives, and the negotiation of credit, inter-lender and purchase and sale agreements.

Mr. Hutchens has assisted clients across industries including financial services, retail, transportation, automotive and consumer goods manufacturing.

Mr. Hutchens has been involved in a number of cross-border cases, serving as Monitor under the Companies' Creditors Arrangement Act (CCAA) of InterTAN Canada (the Canadian subsidiary of Circuit City); as Information Officer in the Canadian proceedings of Durabla Manufacturing, Chemtura and TLC Vision; and as Monitor under the CCAA and authorized foreign representative in the Chapter 15 proceedings of Arctic Glacier and the MAAX group of companies.

Mr. Hutchins is currently acting as CCAA Monitor of Target Canada. Previously, he served as Interim Chief Financial Officer of Extreme Fitness during its CCAA proceedings, as well as financial advisor to the lending syndicate of a transportation company and of a hotels and casino operator. He held the role of court-appointed receiver of Fibrex Insulations and Redcorp Ventures, financial advisor and receiver on behalf of an original equipment automotive manufacturer and CCAA Monitor of Cervus, a financial services group.

Prior to joining A&M, Mr. Hutchens was a Partner in the restructuring and insolvency group of a Big Four accounting firm in Canada.

Mr. Hutchens earned a bachelor's degree in commerce from the University of Ottawa. He is a Chartered Accountant, a Chartered Insolvency and Restructuring Professional and a Canadian Trustee in Bankruptcy. He is a member of the Canadian Association of Insolvency and Restructuring Professionals (CAIRP) and the Turnaround Management Association (TMA).