Calvin Shulha
Senior Director
Turnaround & Restructuring | Insolvency | Cal Shuhla
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. A senior restructuring and business professional in the Edmonton and northern Alberta restructuring industry, he has 15 years of experience in turnaround advisory and insolvency services.

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

His recent engagements include acting as Licensed Insolvency Trustee and as court-appointed receiver for Northern Transportation Company Limited, which operated a fleet of marine vessels and other equipment capable of supplying Canada’s north with fuel and other cargo. Mr. Shulha also recently acted as Licensed Insolvency Trustee for Sunridge RV Inc., a retailer of trailers and motorhomes to consumer buyers located near Calgary, Alberta.

Additional recent roles include acting as adviser to bond holders of a large Canadian based oil field services company with operations in Canada and the United States, and acting as adviser to the lending syndicate to review the operations of a north-central Alberta based oil field and civil construction company.

Prior to joining A&M, Mr. Shulha led the Grant Thornton Limited corporate restructuring practice in Edmonton and northern Alberta. Prior to that, Mr. Shulha worked in the corporate restructuring practice at KPMG for more than 11 years.

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