Orest Konowalchuk
Senior Director
Quick facts
11+ years advising on financial distress in both the private and public sectors
Various engagements involving cross-border operations, including concurrent Companies’ Creditors Arrangement Act (CCAA) and Chapter 11 / Chapter 15 filings, receivership and bankruptcy filings in Canada and U.S.
Particular experience and expertise in industries including oil and gas (including E&P, midstream and oilfield services), real estate and property development, timeshare resort, construction, manufacturing and agriculture
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Orest Konowalchuk is a Senior Director with Alvarez & Marsal Canada in Calgary. A senior restructuring and business professional in the Calgary restructuring industry, he has 10 years of experience in turnaround advisory and insolvency services.

Mr. Konowalchuk has acted for various businesses in financial distress in both the private and public sectors and has worked on engagements involving cross-border operations, including concurrent Companies’ Creditors Arrangement Act (CCAA) and Chapter 11 / Chapter 15 filings.

He has also served as a court-appointed Monitor in Canada under the CCAA, as well as court-appointed receiverships, independent business reviews, viability assessments and other formal insolvency engagements, with particular experience and expertise in the oil and gas industry (including E&P, midstream and oilfield services), real estate and property development, time-share resort industry, manufacturing and agricultural sector.

Notable clients include Canadian Schedule A banks, major U.S. lenders and private equity lenders, asset-based lenders, major Canadian law firms, various Canadian and U.S. public and private companies.

His recent engagements include acting as: a court-appointed Monitor (CCAA) for the Purdy Group of Companies, a property development and resort company in Alberta and British Columbia; a financial advisor for the lending syndicate of Lone Pine Resources which recently filed and exited from CCAA; and an advisor to a Schedule A Bank of an oil and gas company and a construction firm in Alberta.

Additional recent roles include acting as: a financial advisor for the lending syndicate of a public junior oil and gas producer with properties in Alberta and Saskatchewan; and a court-appointed receiver-manager for Alston Energy and Atikwa Resources (upstream E&P companies), Impact 2000 (a seismic services company) and Dowland Contracting (a construction firm that provides commercial, industrial, institutional and design-build projects).

Mr. Konowalchuk earned a bachelor's degree in commerce from the University of Manitoba and a diploma in business administration from Red River College in Winnipeg. He is also a Chartered Accountant, Chartered Insolvency and Restructuring Professional and a Canadian Trustee in Bankruptcy.

He speaks on restructuring and insolvency related matters for the Canadian Bar Association, is a member of the Canadian Association of Insolvency and Restructuring Professionals and the Northwest Chapter of the Turnaround Management Association.