Richter > Our experts > Katherine Forbes
Vice President | CPA, CA, CPA (Illinois), CIRP, LIT

Katherine Forbes

Focused, confident, supportive.

Calm, cool and collected, Katherine gets the job done, leads by example, and does an outstanding job of encouraging and supporting team members.

A truly international player, Katherine began her career in Montreal, then worked in Chicago prior to coming to Richter’s Toronto office. Katherine specializes in providing financial advisory services, including distressed transaction, restructuring and turnaround consulting for Canadian and U.S. clients. Over the years, Katherine has been involved in a variety of complex Canadian, U.S. and cross-border engagements and has acted as an advisor to debtors, secured/unsecured creditors and other stakeholders for businesses experiencing significant change and/or financial difficulties.  Katherine’s expertise includes viability assessments, financial modeling, performance improvement, monitoring as well as analysis/implementation of restructuring initiatives (both formal and informal) for entities of all sizes across a variety of industries.

Fields of expertise

  • Profitability improvement
  • Corporate restructuring and turnaround
  • Business and liquidity assessments
  • Crisis management
  • Financial modeling
  • Insolvency


  • Consumer products
  • Apparel and footwear
  • Retail
  • Healthcare
  • Manufacturing and distribution
  • Business Services

Academic background

  • Chartered Insolvency and Restructuring Professional (CIRP)
  • Licensed Insolvency Trustee (LIT)
  • Certified Public Accountant (CPA, Illinois)
  • Chartered Professional Accountant (CPA, CA)
  • Graduate Diploma in Public Accountancy
  • B.Comm., McGill University

Public Recognition

  • International Women’s Insolvency & Restructuring Confederation – Ontario Network Board member 2018
  • Richter’s Women in Leadership committee – member since 2015
  • Turnaround Management Association (TMA) – Sub-Committee member since 2014

Important mandates

  • Financial advisor to Personal Communications Devices LLC, a $2 billion New York-based distributor of mobile devices, resulting in significant recovery for the stakeholders in Chapter 11 proceedings
  • Financial advisor in the turnaround and refinancing of U.S.-based 200-store apparel retail chain
  • CCAA Monitor for Grafton-Fraser Inc. in their restructuring of Tip Top Tailors, George Richards Big & Tall, Mr. Big and Tall, and Kingsport Big and Tall Clothier banners
  • Financial advisor to the lending syndicate in the refinancing of a $250 million rural-focused retailer with operations throughout Ontario and Western Canada
  • Trustee under the Notice of Intention to Make a Proposal and subsequent Bankruptcy of Sherson Group Inc., a footwear retailer/wholesaler and the Canadian licensee of Nine West and affiliated brands
  • Trustee under the Notice of Intention to Make a Proposal of Nine West Canada LP and Jones Canada, Inc.