Restructuring Industry Prepares for Explosive Growth as More Businesses Call in Restructuring and Turnaround Expertise

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*Restructur Advisors announces plans for 2021: Continued expansion of its team, strategic collaborations, and closer ties to capital*

*VANCOUVER, BC / ACCESSWIRE / **January 13, 2021* / Restructur Advisors, a turnaround and restructuring advisory firm, currently focused on Western Canada, with operational and restructuring experience in a variety of industry sectors, today announced its plans for 2021 as restructuring firms prepare for what is widely expected to be an onslaught of bankruptcy filings and restructuring proposals in the first three quarters of 2021.

"Even the most resilient small and medium enterprises have had to wrestle with the commercial effects of this pandemic," states Blair Jordan, one of Restructur's four founding partners, "but in early 2021 as government support dries up and companies emerge from wide-scale economic shutdown, many are facing substantially reduced revenues and profitability or levels of debt which may make their capital structures unsustainable."

Indeed, there is broad consensus among most industry analysts that furlough schemes, lenient lenders, and rampant government support has not resulted in eliminating the need for eventual commercial restructuring but simply postponed it. "Government support initiatives have delayed the wave of restructuring and bankruptcy filings anticipated when the pandemic hit in March but as those relief measures begin to drop off, companies or in some cases their investors and creditors, are beginning to realize that their balance sheets will not hold up and they will need to restructure to be successful going forward," stated Rob Hill, veteran CFO and founding partner at Restructur Advisors.

In announcing its plans for 2021, Restructur Advisors also announced the addition of Jim Scott, as a Senior Advisor. His extensive experience in the aviation and logistics sectors, both expected to undergo significant restructuring in the months ahead as the industries right-size to revised projections and commercial realities, is highly sought after by companies world-wide.

Additionally, Jim brings experience with multi-stakeholder (including labor and creditor) negotiations and government relations - both critical skill sets in many restructuring initiatives.

"With the aviation sector being hit particularly hard by the COVID-19 pandemic, I look forward to applying my deep leadership and operational experience to help restructure companies in the sector whether those are airlines, airports, or companies in related service industries," commented Mr. Scott. "In addition, I am keen to bring my stakeholder negotiation and government relations experience to bear in helping Restructur's clients as needed."

Finally the Restructur team will actively continue to expand and tighten its relationships with key sources of capital keen to put money to work in good companies with solid financial futures but burdened by short-term distress, over-leveraged balance sheets, and/or poor corporate anatomy requiring restructuring. For example, Karim Lalani, of HighMont Capital Management, predicts: "We expect a multitude of opportunities for distress lenders and investors as companies emerge from 2020 with bloated debt loads, lower profitability, and stretched balance sheets."

With the arrival of Mr. Scott, Restructur Advisors now provides comprehensive turnaround and restructuring services based on extensive operational experience in the following industries:

• Aviation
• Cannabis
• Technology & Media
• Financial Services
• Logistics
• Industrial Manufacturing
• Forestry
• Oil & Gas Services
• Life Sciences
• Cleantech
• Retail & Distribution

Restructur Advisors will continue expanding its team throughout 2021 to bring in people with real operational and turnaround experience in a widening ambit of industry sectors.

*About Jim Scott*
Mr. Jim Scott is an experienced CEO focusing on airline start-ups and public company listings. For nearly three years, Mr. Scott was the president and CEO of Flair Airlines and successfully led its evolution from a charter air service into Canada's first ULCC carrier. Under Mr. Scott's leadership, Flair Airlines became a Skytrax 3-Star rated scheduled airline recognized for its low prices, high reliability, and on-time performance. Previously, Mr. Scott was a founder and the CEO of Canada Jetlines, a start-up airline that was publicly listed and bought out by Global Crossing Airlines.

In these CEO roles, Mr. Scott successfully managed rapid revenue growth within a highly regulated industry, relationships with staff, including two major unions (CUPE & Unifor), company mergers, aircraft manufacturers in the purchase of new aircraft, vendors, contractors, cyber security, the media, government relations, financing structures, corporate governance, investor relations, predatory competitive behaviour, a public listing and crisis management with the onset of COVID-19 in the airline industry.

Mr. Scott also holds a Canadian Airline Transport Pilots Licence having flown aircraft ranging from seaplanes in Northern Canada to the Boeing 747-400 on international routes for Cathay Pacific Airways. He was a Director for the Air Transport Association of Canada and the chairman of a large pilot pension plan. Mr. Scott has experience in law enforcement, including leading the Vancouver Police Financial Crime Unit, and was a senior planner for the 2010 Vancouver Winter Olympic Games. Mr. Scott holds a bachelor's degree and a master's degree both from the University of the Fraser Valley in Canada.

*About Restructur Advisors*
Restructur Advisors is a turnaround and restructuring advisory firm dedicated to providing clients with impartial, experienced financial and operational restructuring expertise. We combine focused, operational industry knowledge with restructuring and financial experience. Restructur Advisors has operational and restructuring experience in a variety of industries and was the first restructuring and turnaround firm with experience in the global cannabis industry.
Clients are both company insiders such as management, directors and committee members, as well as external stakeholders such as independent committee members, creditors, debt holders, shareholders, and regulators.
Restructur Advisors provides corporate and stakeholder strategic advice, interim and turnaround leadership, and transactional services alongside, and in tandem with, other service providers working with distressed clients such as accounting firms, law firms, investment banks and commercial lenders.

Restructur Advisors works in close collaboration with accounting firms, law firms, investment banks and commercial lenders - each of which are integral to the restructuring process and turnaround management offered by the team at Restructur.

*For more information, please contact:*
Blair Jordan
Managing Partner
778.899.6281
Blair.Jordan@restructuradvisors.com

*SOURCE: *Restructur Advisors
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