6 Best Bankruptcy Lawyers in Toronto [2024]

We conduct thorough testing and research on all the services that we review. We are based in Toronto and here is why you can rely on our reviews.

Looking for a bankruptcy lawyer? To assist in your search for a bankruptcy lawyer, we’ve carefully crafted a list of the top 6 corporate lawyers in Toronto. 

This selection has been made after conducting a comprehensive analysis and comparison of online reviews, Better Business Bureau ratings, years in business, and level of experience. If you’re looking for the best bankruptcy lawyers in Toronto, look no further than this list.

Summary

How much does it cost to declare bankruptcy?

The cost of declaring bankruptcy in Toronto ranges between $1,800 to $2,200. There’s usually a basic fee which is paid to the Licensed Insolvency Trustee (LIT), which can be paid in monthly installments (around $200 per month for 9 months). Some cases may incur additional costs if they are more complex. Note, these costs are inclusive of counselling, filing fees, and administrative expenses. However, for the most accurate information, it would be best to reach out to an LIT or bankruptcy lawyer in Toronto.

Best Bankruptcy Lawyers in Toronto

1. Devry Smith Frank LLP

“Devry Smith Frank LLP” is an esteemed Toronto-based firm adept in dealing with diverse legal issues. Their seasoned lawyers guide individuals in navigating bankruptcy intricacies and offer crucial advice to major financial organizations on matters concerning insolvency and bankruptcy. Advocating for an array of clients, including equipment lessors, commercial landlords, and construction contractors, their proficiency ensures that clients are treated fairly and professionally. 

Services offered in Toronto

  • Litigation
  • Corporate Transactions
  • Mediation
  • Will Preparation

Why Toronto Blogs Recommends

Devry Smith Frank LLP is an exceptional choice for legal advice as they understand your rights during bankruptcy and insolvency. They advise major players and executives alike, making them an invaluable asset during a crisis. Their approach is comprehensive, extending to receiverships or sales discussions post a business closure.

BBB Bureau Rating

A+

In Business Since

59+ Years

Operating Hours

Monday - Friday 9:00 am - 4:30 pm

Business Information:

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

Customer Review Highlights:

“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

Cons

2. Matthew R Harris Lawyer P.C.

“Matthew R Harris Lawyer P.C.” stands out for its array of business-related legal services, including commercial litigation, insolvency, and corporate law. This Toronto-based firm, led by competent and dedicated advocates, focuses on securing a stable future for clients facing financial difficulties. Whether you’re considering a management plan or reorganization proceedings, their well-rounded approach tailors solutions to meet your unique requirements. 

Services offered in Toronto

  • Commercial Litigation
  • Insolvency
  • Corporate Law

Why Toronto Blogs Recommends

Matthew R Harris Lawyer P.C efficiently lays out a roadmap for the financially beleaguered entities to navigate through tough times. Besides navigating through bankruptcy, exploring other viable options like debt management also comes their way. Their perseverance and dedication set them apart in delivering favourable outcomes.

BBB Bureau Rating

N/A

In Business Since

10+ Years

Operating Hours

Monday - Friday 9:00 am - 5:00 pm

Business Information:

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

Customer Review Highlights:

“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

Cons

3. Rogerson Law Group

“Rogerson Law Group” is a law firm providing extensive legal solutions ranging from asset protection to bankruptcy. With over 30 years of experience in helping people navigate financial difficulties, this firm stands out for its exemplary track record and hands-on client service. If you are looking for creditable advice on bankruptcy law, debt relief, or asset protection, Rogerson Law Group is your go-to option.

Services offered in Toronto

  • Asset Protection
  • Estate Planning
  • Probate and Estate Administration
  • Disputes and Estate Litigation
  • Bankruptcy

Why Toronto Blogs Recommends

Serving an all-round offering that covers asset protection, estate planning and filing for bankruptcy, the Rogerson Law Group customize their services to their clients’ unique needs for an optimum outcome. With their commitment to client satisfaction, they are an excellent choice when needing a helping hand to navigate financial difficulties.

BBB Bureau Rating

N/A

In Business Since

25+ Years

Operating Hours

Monday - Friday 8:30 am - 5:00 pm

Business Information:

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

Customer Review Highlights:

“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

Cons

4. Clark Farb Fiksel LLP

“Clark Farb Fiksel LLP” is a reputable law firm serving Toronto and Southern Ontario with committed and diligent legal assistance. Boasting more than 25 years in the field, they provide expert advice for those seeking to file Chapter 7 or 13 bankruptcies. Their apt attorneys are dedicated to navigating the complexities of bankruptcy, ensuring your rights are always safeguarded.

Services offered in Toronto

  • Bankruptcy Law representation for Chapter 7 or 13 Bankruptcies
  • Business Law
  • Real Estate Law
  • Litigation
  • Estate Planning

Why Toronto Blogs Recommends

With more than 25 years of experience in the legal profession, Clark Farb Fiksel LLP provides diligent legal assistance for your bankruptcy case. They ensure your rights are protected throughout the entire process, making them a dependable ally during these challenging times.

BBB Bureau Rating

N/A

In Business Since

25+ Years

Operating Hours

Monday - Friday 9:00 am - 5:00 pm

Business Information:

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

Customer Review Highlights:

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

Pros

Cons

5. Miller Thomson LLP

With a focus on helping businesses of all sizes, “Miller Thomson LLP” offers a wide array of legal services, including complex commercial litigation and bankruptcy. The firm’s lawyers work closely with clients, delivering expert guidance during challenging times. If you face the daunting task of declaring bankruptcy or grappling with debilitating debt, reaching out to Miller Thomson LLP can be an astute choice. 

Services offered in Toronto

  • Trusts & Estates Planning
  • Shareholder Disputes
  • Complex Commercial Litigation
  • Bankruptcy

Why Toronto Blogs Recommends

Specialists in complex commercial litigation and bankruptcy, Miller Thomson LLP, work closely with their clients in protecting their assets. If you’re facing an economic crisis or dealing with debt issues, their sage advice can be a beacon in stormy financial seas.

BBB Bureau Rating

A+

In Business Since

66+ Years

Operating Hours

N/A

Business Information:

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

Customer Review Highlights:

“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

Cons

6. Payne Law Professional Corporation

“Payne Law Professional Corporation” is a law firm radiating quality and experience. Providing legal advice on business, estate planning, real estate, taxation, and more, their personalized bankruptcy services set them apart. With an eye on minimizing disruptions and impacts on your life, paired with competitive rates for clients, this firm is an excellent choice if you’re seeking comprehensive legal help.

Services offered in Toronto

  • Business Law
  • Estate Planning
  • Real Estate Law
  • Taxation
  • Bankruptcy Law Services

Why Toronto Blogs Recommends

Bankruptcy law is personal with Payne Law Professional Corporation. They reorient their services to fit your specific needs while minimizing disruption to your life – a trait that’s much valued while dealing with bankruptcy. Their competitive rates also make them a preferred choice for small business owners.

BBB Bureau Rating

N/A

In Business Since

18+ Years

Operating Hours

Monday - Friday 9:00 am - 6:00 pm

Business Information:

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

Customer Review Highlights:

“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

Cons

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. 

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

Cons

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. 

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.

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Veronika Zotova

Veronika Zotova is marketing manager at Local View Tech. She was born and raised in Kyiv, Ukraine. Learn More About Veronika Zotova

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