Allan Nackan, CA•CIRP

Allan has been a key member of A. Farber & Partners’ corporate restructuring and insolvency team since 1991 and a partner since 2001. Prior to immigrating to Canada from South Africa, Allan practised as a Chartered Accountant in the areas of management consulting and international tax planning. In 1995, he became a licensed Trustee in Bankruptcy, and has since managed many successful restructurings and insolvency engagements for corporations in a wide range of industries.

He acts as court-appointed receiver and interim receiver; as monitor; as a trustee under Bankruptcy and Insolvency Act (BIA) proposals; and as a trustee in bankruptcy for a wide variety of corporations and their creditors. He applies his analytical skills to help major financial institutions and other lenders with risk and feasibility studies.

Notable assignments for Allan include: the restructuring and sale of the largest movie production studio in Toronto and successfully managing the operations and liquidation of numerous manufacturing and distribution businesses in the cosmetics, textiles, automotive parts, car dealership and leasing, software development, music, and food distribution industries. He has acted as Court-appointed Receiver and Trustee in Bankruptcy of Securities firms, and as such was involved in the first reported case in Ontario on Part XII of the Bankruptcy and Insolvency Act. He has participated in numerous insolvency and forensic proceedings to trace and recover assets in Canada and internationally; and completed the bankruptcy sale of a timeshare resort in Ontario plagued with legal complexities.

Allan has spoken on the topic of  “Fraud: Prevention and Recovery” and “Know Your Client/Due Diligence” to banking clients and has published numerous articles on insolvency and restructuring as well as forensic accounting and fraud investigations in publications such as Law Times, Secured Lender, Advanced Manufacturing, The Bottom Line, Plant, and the Globe and Mail. Allan currently serves as on the board of the Ontario Association of Insolvency & Restructuring Professionals and is an active participant on the Commercial List Users Committee sub-committee that drafts Model Orders used in insolvency proceedings.

Full Team