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Bankruptcy and Restructuring Law Top Lawyer in Toronto Found 14986
Bankruptcy and restructuring law is a critical area of legal practice that helps individuals and businesses manage financial distress and find pathways to recovery. If you live in Toronto and are de...
Bankruptcy and restructuring law is a critical area of legal practice that helps individuals and businesses manage financial distress and find pathways to recovery. If you live in Toronto and are dealing with financial challenges, understanding bankruptcy and restructuring law and knowing when to seek legal assistance can make a significant difference in protecting your assets and securing a fresh start.
What is Bankruptcy and Restructuring Law?
Bankruptcy law provides a legal framework for individuals and businesses to resolve insolvency by liquidating assets or restructuring debts. Restructuring law focuses on reorganizing a debtor’s obligations to make them more manageable, often allowing businesses to continue operations while addressing their financial challenges.
When is a Consultation with a Lawyer Necessary?
In Toronto, financial distress can be overwhelming, and navigating the complexities of bankruptcy and restructuring laws requires expert guidance. If you are considering filing for bankruptcy, negotiating with creditors, or exploring restructuring options, consulting a lawyer specializing in this field is essential. These lawyers provide guidance, representation, and strategic solutions tailored to your financial situation.
Common Scenarios Requiring Legal Assistance
Here are several instances when you might need legal help:
- Filing for Bankruptcy Whether you are an individual or a business, filing for bankruptcy involves detailed documentation and adherence to specific legal procedures. A lawyer ensures accuracy and compliance with Toronto’s legal requirements.
- Debt Restructuring Restructuring debts often involves negotiating new payment terms with creditors. Legal assistance ensures fair and feasible agreements.
- Creditor Negotiations Lawyers can represent you in discussions with creditors to prevent legal actions such as foreclosure or lawsuits.
- Asset Protection Bankruptcy laws include provisions to protect certain assets from liquidation. A lawyer can help you understand your rights and maximize these protections.
- Business Reorganization For businesses, restructuring allows continued operations while addressing financial issues. Legal expertise ensures that reorganization plans comply with applicable laws.
How to Choose the Right Bankruptcy and Restructuring Lawyer in Toronto
Selecting a qualified lawyer is essential for a successful resolution of your case. Here are some factors to consider:
- Experience in Bankruptcy Law: Look for lawyers who specialize in bankruptcy and restructuring cases and have a deep understanding of local laws in Toronto.
- Proven Track Record: A history of successfully handling cases similar to yours is a good indicator of a lawyer’s competence.
- Strong Communication Skills: Your lawyer should be able to explain complex legal concepts clearly and keep you informed at every step of the process.
- Local Knowledge: Bankruptcy and restructuring laws can vary by region. Lawyers familiar with Toronto’s legal landscape can provide tailored advice.
When Should You Contact a Lawyer?
Many people wonder, “When is it necessary to consult a lawyer?” If you find yourself facing overwhelming debt, potential foreclosure, or creditor lawsuits, reaching out to a lawyer should be your next step.
How Much Do Legal Services Cost in Toronto?
Legal fees can vary depending on the complexity of your case and the lawyer’s expertise. In Toronto, bankruptcy and restructuring law consultations typically range from a few hundred to several thousand dollars. Many law firms offer initial consultations, which can help you assess whether a particular lawyer is the right fit for your needs.
Key Benefits of Hiring a Bankruptcy and Restructuring Lawyer
- Expert Guidance: Lawyers specializing in bankruptcy and restructuring law understand the nuances of financial regulations and can provide effective solutions.
- Strong Advocacy: Whether representing you in court or during creditor negotiations, a skilled lawyer will advocate for your interests.
- Time and Stress Savings: Navigating financial distress alone can be overwhelming. Hiring a lawyer allows you to focus on recovery while they handle the legal complexities.
Why Bankruptcy and Restructuring Law Matters in Toronto
Bankruptcy and restructuring law plays a vital role in providing relief to individuals and businesses facing financial challenges. In Toronto, these laws help ensure fair treatment of debtors and creditors, promote economic recovery, and support the stability of the local economy.
Steps to Navigate Bankruptcy and Restructuring
- Evaluate Your Financial Situation: Gather all relevant financial documents, including income statements, expenses, and debts.
- Consult a Lawyer: Seek advice from an experienced bankruptcy and restructuring lawyer in Toronto to explore your options.
- Develop a Plan: Work with your lawyer to determine whether bankruptcy, restructuring, or another solution is the best course of action.
- File Necessary Documentation: Ensure all required paperwork is complete and submitted within deadlines.
- Follow Through with Legal Processes: Participate in hearings, negotiations, or court proceedings as necessary, with your lawyer advocating on your behalf.
Conclusion
Bankruptcy and restructuring law is a specialized field that requires in-depth knowledge and strategic planning. If you’re in Toronto and facing financial difficulties, seeking professional legal assistance is the best course of action.
Remember, whether it’s a question of “When is a consultation necessary?” or “How much will it cost?”, having a trusted lawyer by your side can make all the difference. Don’t hesitate to reach out and secure the support you need to navigate bankruptcy and restructuring legal matters successfully.
- Asset Protection and Bankruptcy Planning
- Bankruptcy Fraud and Defenses
- Bankruptcy Litigation and Disputes
- Bankruptcy Trustee and Insolvency Representative
- Corporate Bankruptcy and Liquidation
- Corporate Debt Management and Negotiation
- Corporate Restructuring and Reorganization Plans
- Credit Rating Restoration After Bankruptcy
- Creditor and Debtor Rights
- Creditor Claims and Secured Transactions
- Cross-Border Insolvency and Bankruptcy
- Debt Consolidation and Relief
- Insolvency and Debt Restructuring
- Personal Bankruptcy and Consumer Proposals
- Reorganization and Bankruptcy Filing

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Jody Berkes received his B.A. from Stanford University in Palo Alto, California and his B.C.L. and LL.B. degrees from McGill University’s Faculty of Law, where he was selected valedictorian by his graduating class. After articling and practicing in Vancouver, British Columbia, he mov...
Jody Berkes received his B.A. from Stanford University in Palo Alto, California and his B.C.L. and LL.B. degrees from McGill University’s Faculty of Law, where he was selected valedictorian by his graduating class. After articling and practicing in Vancouver, British Columbia, he moved to Toronto in 1999. In 2012, he formed a partnership with Apple Newton-Smith. Since her appointment to the bench, Mr. Berkes founded Berkes Law. Mr. Berkes practice includes the defence of individuals, as well as corporations, charged under the Criminal Code of Canada, as well as other Federal and Provincial criminal and quasi-criminal statues, and professionals charged before discipline and competency panels. He appears in all levels of courts in Ontario. Jody Berkes is the Past Chair of the Ontario Bar Association Criminal Law Executive Committee, the Legislation and Law Reform Liaison of the National Criminal Section of the Canadian Bar Association, as well as a member of the Criminal Lawyers Association. His cases have been reported in both Ontario and British Columbia. Mr. Berkes is certified as a specialist in Criminal Law by the Law Society of Upper Canada.



Paul Lomic is an intellectual property and social media lawyer at Lomic Law. Paul's practice is focused on resolving intellectual property and commercial disputes, including matters involving patents, trademarks, copyright, social media/internet and confidential information. As a registered trade...
Paul Lomic is an intellectual property and social media lawyer at Lomic Law. Paul's practice is focused on resolving intellectual property and commercial disputes, including matters involving patents, trademarks, copyright, social media/internet and confidential information. As a registered trademark agent, Paul conducts opposition and cancellation proceedings and assists his clients with managing and protecting their trademark portfolios.
Paul serves as a Council member for the Ontario Bar Association and is a Fellow of the Intellectual Property Institute of Canada (IPIC). Paul is a frequent contributor to legal education seminars and legal publications. Social Media and Internet Law - Forms and Precedents published by LexisNexis is Paul's first book. More information about the book can be found at http://tinyurl.com/k4vpwbn
Selected litigation experience:
• Lefebvre v. Pow, [2014] F.C.J. No. 613: Successfully defended an appeal in the Federal Court
• 1734983 Ontario Inc. et al. v. Tortoise Restaurant Group Inc., [2013] O.J. No. 2692: Franchising law – successfully opposed a motion to separate a counterclaim.
• Plant Products v. Greenstar Plant Products, 2011 TMOB 220: Opposed a trade-mark application that resulted in protecting the wares covered by the client’s products.
• Destiny Software Productions, Inc. v. Musicrypt Inc., 2011 ONSC 470: Opposed a summary judgment motion to dismiss a counterclaim in its entirety preserving the client’s key causes of action.
• Kiss My Face Corporation v. LaPointe Rosenstein LLP, 2011 FC 150 (T-478-10): Represented a client in a section 45 appeal that reinstated the client’s trade-mark.
• J2 Global Communications and Catch Curve v. Protus, 2010 FC 572: Successfully defended against an appeal with costs awarded to the client.
• Belzberg v. Commissioner of Patents, 2009 FC 657 (T-248-08): Represented a client in a judicial review that forced the Commissioner of Patents to award a patent to the client. The client was awarded costs (co-counsel).
Articles and Papers
• Jennifer Sander and Paul Lomic, “Court balances privacy rights and copyright enforcement” Legal Alert (a Carswell Publication), May 2014, Volume 33, No. 2
• Jennifer Sander and Paul Lomic, “Federal Court awards $10.5 million for copyright infringment” Legal Alert (a Carswell Publication), April 2014, Volume 33, No. 1
• Tiffany Soucy, Kiran Bains and Paul Lomic, “Canada introduces bill to combat counterfeiting” Legal Alert (a Carswell Publication), June 2013, Volume 32, No. 3
• Jennifer Sander and Paul Lomic, “Supreme Court clarifies sufficiency of disclosure” Legal Alert (a Carswell Publication), January 2013, Volume 31, No. 10
• Jennifer Sander and Paul Lomic, “Sound trade-marks registrable in Canada” Legal Alert (a Carswell Publication), June 2012, Volume 31, No. 3
• Jennifer Sander and Paul Lomic, “Case Summary: Eurocopter v. Bell Helicopter Textron Canada Limiteé, [2012] FC 113”, IPIC Bulletin, March/April 2012, Vo. 312, pp. 6-7
• Matthew Norwood and Paul Lomic, “New approach for summary judgment in Ontario courts” Legal Alert (a Carswell Publication), March 2012, Volume 30, No. 12
• Co-chair, Protecting Innovation in High-Tech Industries, Ontario Bar Assoiciation, Continuing legal education seminar, May 24, 2012
• Benjamin Mak, Matthew Norwood, Robert Wilkes and Paul Lomic, "Business Methods" patentable: Amazon.com update, Legal Alert (a Carswell Publication), February 2012, Volume 30, No. 11
• Jennifer Sander and Paul Lomic, “Appeal on lack of sound prediction succeeds” Legal Alert (a Carswell Publication), December 2011, Volume 30, No. 9
• Paul Tackaberry and Paul Lomic, “Supreme Court clarifies ‘likelihood of confusion’ test” Legal Alert (a Carswell Publication), August 2011, Volume 30, No. 5
• Joanna Pitkin and Paul Lomic, “Canadian court denies stay despite concurrent U.S. action” Legal Alert (a Carswell Publication), July 2011, Volume 30, No. 4
• Benjamin E. Mak and Paul V. Lomic, “Business Methods can be patented” Legal Alert (a Carswell Publication), December 2010, Volume 29, No. 9
• Paul V. Lomic and J. Douglas Wilson “Court finds online music previews are fair dealing” Legal Alert (a Carswell Publication), July 2010, Volume 29, No. 4
• Paul V. Lomic and J. Douglas Wilson “Federal Courts improving litigation process” Legal Alert (a Carswell Publication), August 2009, Volume 28, No. 5
• Mala Joshi, Paul Lomic and Dylan White “Overview of Intellectual Property”, Written Materials for Ontario Bar Association (Continuing Legal Education - Seminar) “Intellectual Property Issues in a Non-IP Context”, May 4, 2009
• Paul V. Lomic “Federal Court initiatives streamline adversarial process” The Lawyers Weekly (a LexisNexis Publication), January 30, 2009
• Paul V. Lomic and J. Douglas Wilson “Supreme Court of Canada unanimously upholds selection patents” Legal Alert (a Carswell Publication), January 2009, Volume 27, No. 10
Presentations
• Co-chair, Divine Discoveries: Building a Great Case, Ontario Bar Association, Continuing legal education seminar, March 7, 2014
• Speaker, “An Overview of the Judicial Review Process”, Your First Judicial Review ,Ontario Bar Association, Continuing legal education seminar, May 7, 2013
• Co-chair, Your First Civil Trial, Ontario Bar Association, Continuing legal education seminar, March 8, 2013
• Co-chair, Protecting Innovation in High-Tech Industries, Ontario Bar Association, Continuing legal education seminar, May 24, 2012
• Faculty, Essential IP Elements and Concepts, Osgoode Professional Development, Negotiating and Drafting IT Agreements, February 7, 2012
• Co-chair, Divine Discoveries: Building a Great Case, Ontario Bar Association, Continuing legal education seminar, April 19, 2012
• Co-chair, Your First Civil Trial, Ontario Bar Association, Continuing legal education seminar, March 9, 2012
• Co-chair, Dialogue with the Bench and Bar: Tools and Tactics to Improve Your Advocacy Skills, Ontario Bar Association, Continuing legal education seminar, October 4, 2011
• Co-chair, Dialogue with the Bench and Bar: Tools and Tactics to Improve Your Advocacy Skills, Ontario Bar Association, Continuing legal education seminar, September 29, 2009
• Co-chair, Intellectual Property Issues in a Non-IP Context, Ontario Bar Association, Continuing legal education seminar, May 4, 2009
• Co-chair, More Than Simply Inserting an ® Symbol, Ontario Bar Association, Continuing legal education seminar, May 10, 2007
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