5 Best Bankruptcy Lawyers in Toronto (2026)

David Sklar & Associates is a licensed insolvency trustee firm operating out of North York, offering bankruptcy filing, consumer proposals, and credit counseling for people working through serious debt. The firm brands its outcome as a 'Fresh Start' and keeps trustees and associates handling individual files rather than routing everyone through one advisor. Reviewers describe a judgment-free intake process and staff who explain each step in plain language. Saturday morning hours make it one of the more accessible offices on this list.

SPERGEL is a consumer proposal and licensed insolvency trustee firm with a Danforth Avenue office, part of a wider Ontario practice that says it has helped thousands of people across the GTA find debt relief. The firm handles the full range: consumer proposals, personal bankruptcy, debt consolidation, and credit counselling. Reviewers repeatedly name individual negotiators, Graeme Hamilton and Jared among them, for working through complicated cases, including debt tied to gambling, when other firms had turned clients away.

Kunjar Sharma & Associates is a licensed insolvency trustee firm on Eglinton Avenue East, handling both consumer and corporate debt files. Reviewers most often name advisor Amit Upadhyay, credited with walking clients through credit score repair, consumer proposals, and even a fraud-related case with patience and clear explanations. The firm keeps standard weekday office hours.

Hoyes, Michalos & Associates has been helping Ontario residents with debt relief since 1999, run out of a downtown King Street office by co-founder Doug Hoyes, a licensed insolvency trustee. The firm covers the standard menu, consumer proposals, bankruptcy, credit counselling, debt consolidation, and debt settlement, and its site says it aims to help clients reduce debt by up to 80% through a proposal. Scott Terrio, the firm's Manager of Consumer Insolvency, comes up review after review as the main point of contact for downtown clients.

This is a second David Sklar & Associates office, on St Clair Avenue West in the York area, a separate licensed insolvency trustee location from the North York branch above. It offers the same consumer proposal and bankruptcy services under the same Fresh Start branding. Trustee Cori Naron is the name that comes up in nearly every review here, credited with untangling complex files and explaining each step in plain terms.