Calvin Shulha
Senior Director
Quick facts
15+ years of restructuring and insolvency experience with primary focus in the oil and gas services sector in Alberta
Has served as a court-appointed monitor in Canada under the CCAA
Additional expertise in the real estate and property development, manufacturing and agricultural sectors
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Cal Shulha is a Senior Director with Alvarez & Marsal Canada in Edmonton. With 15 years of experience, Mr. Shulha provides restructuring, turnaround advisory and insolvency services to businesses in financial distress in both the private and public sectors.

Mr. Shulha has served as a court-appointed monitor in Canada under the Companies' Creditors Arrangement Act (CCAA), as well as in court-appointed receiverships and liquidations, independent business reviews, viability assessments and other formal insolvency engagements. He brings expertise in the oil and gas service industry, real estate and property development, manufacturing and agricultural sector. His notable clients include Canadian Schedule A banks, asset-based lenders, major Canadian law firms and various Canadian private and public companies.

Mr. Shulha’s recent engagements include acting as a court appointed receiver for Wapiti Waste Management Inc. which operated a licensed oilfield waste water facility and a licensed oilfield truck flushing facility in northern Alberta. He also acted as a court appointed liquidator of undeveloped industrial land in Fort McMurray, Alberta where he undertook an extensive cleanup and renewal program for the site which resulted in the successful sale of the property. Additionally, Mr. Shulha acted as proposal trustee for a well-established flooring retailer in Edmonton and oversaw the successful restructuring of the business.

Previously, Mr. Shulha acted as advisor to the Alberta Gaming and Liquor Commission regarding the Eagle River Casino & Travel Plaza and as proposal trustee for a logging and trucking company in northern Alberta.

Prior to joining A&M, Mr. Shulha led the Grant Thornton Limited corporate restructuring practice in Edmonton and northern Alberta. Prior to that role, he worked in the corporate restructuring practice at KPMG.

Mr. Shulha earned a bachelor’s degree from the University of Alberta in Edmonton. He is a Chartered Accountant, Chartered Insolvency and Restructuring Professional and a Canadian Trustee in Bankruptcy.  Mr. Shulha has spoken on restructuring and insolvency matters for the Canadian Bar Association, and is a member of the Canadian Association of Insolvency and Restructuring Professionals and the Northwest Chapter of the Turnaround Management Association.