6 Best Bankruptcy Lawyers in Toronto [2025]

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.