Paul Bishop is a senior managing director in the FTI Consulting corporate finance/restructuring practice and is based in Toronto. Mr Bishop has more than 30 years of international insolvency and restructuring experience and has practised in Canada, Great Britain and Bermuda. His areas of expertise include advising troubled company stakeholders; the formulation and implementation of reorganisation strategies; business rescues and turnarounds.
In 2008 Mr Bishop, along with four colleagues, launched FTI’s operations in Canada. Prior to joining FTI, Mr Bishop was a partner in the restructuring practice of PricewaterhouseCoopers in Toronto.
Mr Bishop holds a BA with honours in economics from the University of Sheffield. He is a chartered insolvency and restructuring professional, a member of the Insolvency Institute of Canada, a member of the Turnaround Management Association and a licensed trustee in bankruptcy.
Recent experience includes acting as financial adviser, and subsequently court-appointed monitor in the Sears Canada CCAA proceedings; the Canwest Publishing CCAA proceedings; and the Cinram International Inc CCAA proceedings. He was court-appointed monitor in the Golftown CCAA proceedings; restructuring adviser to a leading oil and gas construction company; and adviser to cross-border syndicate of lenders to a leading North American marketing company. He also acted as a financial adviser to a leading multinational generic drug manufacturer; a leading multinational CPG company; the secured lenders to an Asian coal mining company; the Source by Circuit City in the Radio Shack CCAA proceedings; and the lenders to New Food Classics (acting subsequently as court-appointed monitor).
Paul Bishop specializes in advising management of troubled companies, the formulation and implementation of reorganization strategies, business rescues and turnarounds. Mr. Bishop has over 35 years of international restructuring expertise in Canada, Great Britain and Bermuda. He also has experience in a wide range of industries, including retail and consumer products, mining, construction, manufacturing, media and technology, marketing and hospitality.
Mr. Bishop is currently Chief Restructuring Officer in the Canntrust Inc. CCAA proceedings, the Court Appointed Monitor in the Imperial Tobacco, Sears Canada and Payless Shoes CCAA proceedings. Prior to these court appointments, Mr. Bishop acted as financial advisor to each company.
In addition to these current engagements, Mr. Bishop served as company financial advisor and subsequent Court Appointed Monitor in the restructuring and sale of Canwest Publishing, the largest Canadian newspaper publisher, and of Cinram International Inc., an international manufacturer and distributor of Blu-ray and other entertainment media.
Mr. Bishop’s experience also includes acting as advisor to a leading international loyalty and marketing company; advisor in the restructuring of several Canadian auto parts manufacturers; advisor to the USW in the Stelco and Algoma restructurings; and restructuring advisor to a leading North American generic drug manufacturer.
In 2008, Mr. Bishop and four colleagues launched FTI Consulting’s operations in Canada. Prior to joining FTI Consulting, Mr. Bishop was Partner in the Restructuring practice at PwC in Toronto.