Best Bankruptcy Lawyers in Toronto [2023]

Bankruptcy lawyers Toronto can help you file for bankruptcy if you need financial assistance. Bankruptcy is a legal process that allows individuals or businesses to reduce their debts by reorganizing and paying back creditors in an effort to improve their finances. If you are struggling financially, bankruptcy may be the best option for you! A lawyer can help guide you through the process and make sure that everything is done legally and properly. Depending on your situation, filing for Chapter 7 (liquidation) or Chapter 13 (reorganization) may be appropriate. When choosing a bankruptcy lawyer in Toronto, it’s important to consider not only his/her experience but also his/her fee structure and general philosophy about law-related matters. We selected these Toronto bankruptcy attorneys based on their years of experience, reputation within the legal community, reviews from satisfied clients online.

Looking for lawyers in other practice areas? Check out the following articles:

The Best Corporate Lawyers in Toronto
The Best Employment Lawyers in Toronto
The Best Personal Injury Lawyers in Toronto

Summary

What is the average cost of a Bankruptcy Lawyer in Toronto?

The average hourly rate for a bankruptcy lawyer in Toronto ranges from $200 to $400 per hour, with some lawyers charging even more for their services. Some lawyers may also charge a flat fee for handling a bankruptcy case, which can range from several thousand dollars to tens of thousands of dollars.

The cost of a bankruptcy lawyer in Toronto can vary depending on a number of factors, including the complexity of the case, the experience of the lawyer, and the amount of time required to handle the case.

It’s important to keep in mind that the cost of a bankruptcy lawyer will depend on the specific circumstances of your case, and it’s always a good idea to get a clear understanding of the fees and payment structure upfront before hiring a lawyer. Many bankruptcy lawyers offer a free initial consultation, which can be a good opportunity to discuss your case and get an estimate of the cost of their services.

Best Bankruptcy Lawyers in Toronto

1. Devry Smith Frank LLP

Devry Smith Frank LLP is a leading law firm with locations in Toronto, Barrie, Whitby and more. Their lawyers have the experience and know-how to navigate a variety of legal issues for our diverse range of clients. They offer an exceptional level of client service that ensures you are always treated fairly and professionally. Whether you need help drafting or filing your paperwork, negotiating on your behalf or seeking advice on specific legal matters, they are here to help. 

They understand the process and rights that are available to those affected by bankruptcy and insolvency. It allows them to provide advice on the specific rights and issues facing any party involved. They advise major financial institutions and businesses, liquidators, equipment lessors, commercial landlords, and construction contractors regarding their legal rights under Bankruptcy Act legislation. This information can be used in their favor when negotiating with creditors or filing for bankruptcy protection. In addition, the team is well-versed in other relevant legal proceedings such as receiverships or entering into sales agreements following a business closure

Contact them today to learn more about how DSF can assist you with your legal needs!

Business Information:

devrylaw.ca
+14164491400
95 Barber Greene Rd #100, Toronto, ON M3C 3E9, Canada

Customer Review Highlight:

“I am very satisfied with the very timely and compassionate help and advice I always receive from lawyer Ms. Zakiya Bhayat and her team. Over the last 5 months that I have had the chance to receive their legal services, I can confidently say that their service exceeds my expectations. Ms. Bhayat is is very knowledgeable and professional at her work.”

Pros

  • Prices are displayed on the website
  • Studio has good natural light
  • Suitable for both beginners and advanced potters

Cons

  • No free parking

2. Matthew R Harris Lawyer P.C.

When it comes to legal matters, Matthew R Harris Law P.C. is experienced and knowledgeable enough to guide you and your company through the process of seeking a secure future. The firm’s diverse range of business-related legal services includes commercial litigation, insolvency, and corporate law. This enables them to provide effective assistance in cases that may involve complex details or sensitive information relating to your company’s operations. In addition, the lawyers at Matthew R Harris Law P C are reliable advocates who will work tirelessly throughout the entire process in order to achieve positive results for their clients. 

If your corporation in or around Toronto, Ontario is facing severe financial difficulties that prevent you from meeting your credit obligations, contact Matthew R. Harris Law, P.C., to examine your options. He will help you determine if you can avoid full bankruptcy by using other available tools such as debt management plans or reorganization proceedings. By working with a qualified legal team, you may be able to resolve your situation without having to go through the entire process of filing for bankruptcy.

Business Information:

matthewrharrislawyer.com
+14167338778
4789 Yonge St #1208, Toronto, ON M2N 0G3, Canada

Customer Review Highlight:

“Matthew was professional and quick to answer all my questions. My issues were resolved in a timely manner considering all the restrictions in place during this very stressful time. I would definitely recommend Matthew to anyone looking for his services. Thank you for everything !!”

Pros

  • Online shop for potteries
  • Lesson for both adults and children

Cons

  • Popular lessons and slots may not have spaces

3. Rogerson Law Group

Rogerson Law Group is a law firm that provides comprehensive legal services in the areas of asset protection, estate planning, probate and estate administration, disputes and estate litigation, family law and bankruptcy. The team at Rogerson Law Group has decades of experience helping clients achieve their goals while protecting their assets. They have a proven track record of success in courtrooms across the country and are dedicated to providing personalized service through knowledgeable staff members who are always available to answer any questions or provide support during difficult times. 

Andrew Rogerson and his team have more than 30 years’ experience helping clients with financial difficulties. The legal professionals are experts in bankruptcy law and asset protection, which means they can help you navigate through difficult times by protecting your assets and minimizing your losses. They also offer a variety of other services to assist their clients in getting back on track – whether that involves filing for bankruptcy or working towards obtaining debt relief. If you’re looking for trusted legal advice with an emphasis on client satisfaction, then look no further than Rogerson Law Group.

Business Information:

rogersonlaw.com
+14165042259
TD Canada Trust, Brookfield Place, 161 Bay Street 27th Floor, Toronto, ON M5J 2S1, Canada

Customer Review Highlight:

“They provided excellent legal advice about my matter. I was given a full understanding of what to expect during each step in my legal proceedings and they responded to all my inquiries promptly. They really put their knowledge on full display and were very polite and professional. I highly recommend this law firm.”

Pros

  • Hosts events and parties
  • You can make your own pottery classes

Cons

  • Closed on weekends

4. Clark Farb Fiksel LLP

Clark Farb Fiksel LLP is a leading law firm in Toronto and Southern Ontario. The team has more than 25 years of experience providing comprehensive legal services to clients from the business, real estate, litigation and estate planning industries. If you have a legal issue that you need help with, don’t hesitate to contact their office for more information. They will provide committed, diligent legal assistance to get your situation resolved as quickly as possible.

helps clients file for bankruptcy

Their bankruptcy lawyers will help clients file for bankruptcy, providing legal guidance and support during the process. Clients can rely on a bankruptcy lawyer to provide expert advice and representation in filing for Chapter 7 or 13 bankruptcies. A skilled attorney can help you navigate through all of the complexities involved with this difficult process, ensuring that your rights are protected throughout the entire process.

Business Information:

cfflaw.com
+16477241833
188 Avenue Rd, Toronto, ON M5R 2J1, Canada

Pros

  • Pricing displayed on the website
  • Beginner friendly

Cons

  • Classes only for teens and adults

Customer Review Highlight:

“Highly skilled professionals with a warm heart that resolved our legal matters and protected our interests. Highly recommended!!!”

5. Miller Thomson LLP

Miller Thomson LLP is a premier legal service provider whose focus is on providing comprehensive legal assistance to businesses of all sizes across Canada. The team at this renowned law firm has decades of experience working closely with clients from various industries so they can provide expert guidance and support during difficult times. In addition to its core areas of expertise mentioned above, Miller Thomson LLP also offers specialized services such as trusts & estates planning; shareholder disputes; complex commercial litigation and bankruptcy.  

offer a range of legal services to individuals and businesses in need of assistance with filing for bankruptcy protection.

Their bankruptcy lawyers offer a wide range of legal services to individuals and businesses in need of assistance with filing for bankruptcy protection. These services can include consultation on the best option for protecting your assets, drafting the required paperwork, and representing you during court proceedings. Whether you’re struggling with debt or are facing an economic crisis that would lead you towards declaring bankruptcy, contact Miller Thomson LLP today for advice and support.

Business Information:

millerthomson.com
+14165958500
40 King St W Suite 5800, Toronto, ON M5H 4A9, Canada

Customer Review Highlight:

“I just want to give a loud shout out to Louis Amato-Gauci who gave me some valuable counsel when an airline treated us very poorly! Louis is indeed an excellent lawyer who infuses high professionalism and empathy in his practice! I hereby endorse him as your "go-to-guy" 100%”

Pros

  • Price for workshop is displayed on website
  • Experienced and professional instructors

Cons

  • Classes need to be booked in advance

6. Payne Law Professional Corporation

Payne Law Professional Corporation is a law firm that provides legal services to individuals and businesses in the area of business, estate planning, real estate, taxation and more. The attorneys at Payne Law Professional Corporation are experienced professionals who will provide you with quality legal advice and representation. With years of experience under their belts, they understand the ins-and-outs of each field related to law enforcement or litigation. 

Payne Law Professional Corporation provides legal advice and assistance to individuals and businesses affected by financial difficulties. They take a personalized approach to their bankruptcy law services. They will work with you to determine the best course of action for your specific situation, ensuring that you receive the help you need while minimizing any disruption or impact on your life. In addition to providing top-notch service delivery; they also offer competitive rates for all types of clients – small business owners included!

Business Information:

paynelaw.ca
info@paynelaw.ca
+14164474529
15 Gervais Dr 6th Floor, North York, ON M3C 1Y8, Canada

Customer Review Highlight:

“Yan is a tremendous lawyer. He is honest, hard working and will keep you informed throughout your case. He is the lawyer that other lawyers would call if they had their own case. I know that for a fact. That tells you everything you need to know about him and his firm. Do not hesitate and call him. You won't regret it.”

Pros

  • Class schedules posted in advance
  • Drop-ins are welcome too

Cons

  • Classed for adults only

FAQ

A bankruptcy lawyer is a legal professional who specializes in helping individuals and businesses who are struggling with overwhelming debt. They can provide a range of services, including assessing your financial situation, determining whether bankruptcy is the best option for your circumstances, helping you file for bankruptcy, negotiating with creditors, and representing you in court if necessary.
If you are struggling with overwhelming debt, are facing creditor lawsuits, or are at risk of losing your home or other assets, it may be time to consider hiring a bankruptcy lawyer. Bankruptcy lawyers can help you understand your legal options, protect your assets, and help you get a fresh financial start.
When hiring a bankruptcy lawyer, it’s important to look for someone with experience in bankruptcy law, a good reputation in the legal community, and who communicates effectively and clearly. You should also feel comfortable discussing your financial situation with them and trust that they have your best interests in mind.
If you declare bankruptcy in Ontario, your creditors may be able to collect some of the money they are owed. In order for them to do so, however, they must first file a lawsuit against you and win it. Once that happens, specified payments will need to be made from your bank account or salary each month until the debt is paid off.

Final Thoughts

Finding the right bankruptcy lawyer in Toronto is crucial when facing overwhelming debt and financial struggles. A good bankruptcy lawyer can provide valuable legal guidance, help you understand your options, and represent you in court if necessary. Based on our research, we have identified some of the best bankruptcy lawyers in Toronto who have a proven track record of successfully helping clients with their debt-related issues. It’s important to carefully consider your options and choose a lawyer who has the experience, expertise, and communication skills necessary to guide you through the bankruptcy process and help you achieve a fresh financial start.

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