Derek has experience advising corporate clients and their stakeholders in both informal and formal restructurings. His most recent experience consists of a director role, internal to a lending institution, assisting the organization in restructuring their complex distressed accounts in Western Canada.

Derek has advised on and executed in the following situations:

  • senior secured facility restructuring and workouts
  • syndicated credit facility restructuring and workouts
  • distressed lending and refinancing
  • distressed going concern sale
  • informal restructuring and turnaround advisory
  • lender advisory
  • Companies Credit Arrangement Act (CCAA) proceedings
  • Division 1 Proposals under the Bankruptcy and Insolvency Act (BIA)
  • court-appointed and private-appointment receiverships
  • corporate bankruptcies

His experience is across a wide range of industries. With a focus on Alberta and Western Canada, his deepest expertise is in the energy & resources sector—specifically oil and gas. Other industry experience includes, real estate (commercial, industrial, multi-family and hospitality), mining and resource extraction, logistics and transportation, manufacturing and automotive.

Select client experience

  • structured and provided equipment financing to facilitate restructuring the capital structure of a distressed oilfield service firm whose existing lender wanted to exit
  • acted for a lender on numerous workouts of large syndicated credit facilities advanced to oil and gas producers, and oilfield service firms
  • advised lender in exit of a syndicated credit facility advanced to an oil and gas producer that later went insolvent and ceased operations, preventing any loss of principal
  • lender on workout of a senior secured facility to an oil and gas drilling contractor
  • lender in CCAA proceedings that progressed to a Receivership of junior oil and gas producer
  • court-appointed receivership of residential condo development

Of interest...

  • previously an officer in the Canadian Armed Forces Reserves.

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Areas of expertise

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Education & qualifications

  • Chartered Professional Accountant (CPA), Chartered Professional Accountants Alberta (2015)
  • Licensed Insolvency Trustee (LIT)
  • Chartered Insolvency and Restructuring Professional, Canada (CIRP) (2014)
  • Chartered Accountant (CA), Institute of Chartered Accountants of Alberta (2009)
  • Bachelor of Business Administration, Trinity Western University (2005)