Allan Nackan is a Licensed Insolvency practitioner with 33 years of experience in complex restructuring and financial advisory matters in Canada and internationally.
He provides steady leadership and helps clients navigate through the toughest financial challenges. His clients include companies, shareholders, directors, investors, secured lenders, employee and retiree groups, unsecured creditor groups, and regulators.
Allan is a Senior Managing Director at GlassRatner and co-leads the firm’s Canadian Restructuring practice. His practice focuses on corporate insolvency and restructuring, financial advisory services, cross-border restructuring, fraud investigations, and forensic accounting.
He has extensive experience acting in various court-appointed and financial advisory roles for clients, including:
- Acting as monitor or financial advisor in Companies’ Creditor Arrangement Act (CCAA) and Chapter 11 proceedings
- Acting as court-appointed receiver and interim receiver
- Acting as a Licensed Insolvency Trustee under the Bankruptcy & Insolvency Act (BIA) proposals and bankruptcies for a wide variety of corporations and their creditors
- Representing foreign parties in Canadian insolvency proceedings and representing Canadian parties in foreign insolvency proceedings
- Providing financial advisory services outside of formal insolvency proceedings
- Advising boards of directors of financially distressed companies
In addition, Allan is a director and the current chair of BTG Global Advisory, one of the world’s largest specialist independent insolvency and restructuring alliances, with member firms around the globe, including offices across the US, UK, Europe, Australia, South Africa, India, Brazil, Hong Kong, Russia and CIS States, and various offshore jurisdictions. In this role, Allan co-leads GlassRatner’s international and cross-border initiatives
- Corporate Insolvency & Restructuring
- Financial Advisory Services
- Cross-Border Restructuring
- Fraud Investigations
- Forensic Accounting.
- Financial advisor to the Superintendent of Financial Services representing Ontario Pension Benefit Guarantee Fund, a major stakeholder in CCAA/Chapter 11 of Nortel Networks Limited
- Financial advisor to two significant creditors and shareholder group in the global restructuring proceedings of Steinhoff International implemented in the Netherlands and South Africa, including most recent WHOA proceedings
- Financial advisor to Representative Counsel to non-union retirees and active employees of U.S. Steel Canada Inc. (a.k.a., Stelco)
Financial advisor to the Pension Administrators and Superintendent of Financial Services representing Ontario Pension Benefit Guarantee Fund in CCAA of Sears Canada Inc. - Bankruptcy Trustee in cross-border proceedings of MedMen Enterprises Inc. and JC Weight Loss Centers Canada (aka Jenny Craig), Slang Worldwide, and Statehouse Holdings
- Restructuring and/or liquidation of national retail chains such as Tabi International, Clothing for Modern Times (Urban Behaviour and Costa Blanca), The Tall Girl Shop, and Movie Gallery Canada (a.k.a., Hollywood Video)
- Numerous insolvency and forensic proceedings to trace and recover assets in US, Canada, Caribbean, and internationally
- Fellow of INSOL International
- During his early working days, and before his family expanded to include three incredible kids, Allan performed seriously as a professional magician.