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Canberra’s best bankruptcy lawyers

Canberra’s best bankruptcy lawyers

If you are going through bankruptcy and insolvency, then a bankruptcy lawyer will be a critical asset for you. The best bankruptcy lawyers in Canberra have years of experience assisting clients through the journey of debt recovery, debt agreements, helping them pay their debts, providing legal advice and organising insolvency, including corporate insolvency.

Skip to the list of Canberra's best bankruptcy lawyers

  • Baker Deane & Nutt Lawyers
  • BAL Lawyers
  • Kamy Saeedi Law
  • Meyer Vandenberg Lawyers
  • O'Connor Harris & Co - Barristers and Solicitors

What does a bankruptcy or insolvency lawyer do?

Bankruptcy lawyers can represent individuals or businesses and tailor their legal service to each unique situation. Their primary goal is to assist with debt, either working to create a plan to pay down and remove debt, or organising and managing the process of insolvency, bankruptcy, or liquidation.

A bankruptcy or insolvency lawyer will manage and prepare your paperwork during the legal process. This may sound like a simple task, but legal paperwork is often complex and difficult to understand, so having someone taking you through the paperwork is a huge asset.

They will also provide you specific legal advice for your financial situation. You may visit a bankruptcy lawyer believing that bankruptcy is the only option for you, but these professionals are skilled in finding unique financial solutions for individual circumstances. They may suggest an alternative legal route to pay down and remove debt rather than filing for bankruptcy.

Finally, a bankruptcy or insolvency lawyer will represent you at all your hearings. A court hearing can be an intimidating place but when you are in the safe hands of an experienced lawyer you can rest easy knowing that your case is being well argued.

What’s the difference between bankruptcy, insolvency, and liquidation?

While searching for the right lawyer for you, these three terms will appear regularly so it’s important to know the difference between them!

Insolvency: Insolvency describes an individual or company that is in a position where they are unable to fulfil their current financial requirements and pay their debts. Generally, this is the word that describes the state of an individual or company immediately preceding bankruptcy.

Bankruptcy: This is the word for the legal process that individuals can go through when their debt becomes unmanageable, or too high to pay down, and they instead apply through the courts to have their debts removed. This process will instruct the credit companies to cease seeking payment for the debts, however it can have many consequences on your ongoing finances including restricted ability to apply for credit, restricted ability to travel or restricted income earning capacity.

Liquidation: Liquidation is the legal process for businesses when they are in a situation of insolvency. The process will involve selling assets, completing legal proceedings, and dividing available funds between the creditors and/or shareholders.


If you are looking for other great businesses in Canberra, check out some of our other articles on Canberra’s best commercial lawyers, Canberra’s best divorce lawyers, Canberra’s best criminal lawyers, Canberra’s best mortgage brokers, Canberra’s best conveyancing property lawyers, and Canberra’s best wills and estate lawyers.


The best bankruptcy lawyers in Canberra 2024

To be listed as one of Canberra’s best businesses, Canberra Daily requires them to have maintained a track record of positive reviews on Google or Facebook, with a minimum average of 4/5 stars. We also check to see if businesses have verified customer reviews.

When looking for a bankruptcy lawyer in the ACT and Canberra region, check out our list of the best local businesses below.

Interested in having your business listed on Canberra's Best? Click here to learn more.

Baker Deane & Nutt Lawyers

Baker Deane & Nutt Lawyers are the oldest law firm in Canberra and have built a tremendous reputation in the commercial law space over their 150 years in business.

The experienced commercial law practitioners at BDN Lawyers can assist and guide you through any bankruptcy and insolvency problems.

Meyer Vandenberg Lawyers

Meyer Vandenberg have an experienced team of lawyers that possess a tremendous insight into the unique legal and regulatory landscape in Canberra, helping them to offer expert legal advice to the community.

They can assist you with any legal advice or guidance that you may need if facing bankruptcy issues. Their team of bankruptcy law experts are committed to protecting your interests and helping you through a tricky situation.

BAL Lawyers

BAL Lawyers are a proud Canberra law firm that have a deep understanding of the business sector that enables them to deliver sound commercial strategies for your business, including dealing with bankruptcy issues.

Their team boasting a wealth of experience are committed to meeting high standards and always do their due diligence to ensure you receive the best advice for your personal situation.

O'Connor Harris & Co - Barristers and Solicitors

The commercial lawyers at O’Connor Harris Barristers and Solicitors act for a wide range of business entities and have plenty of experience in bankruptcy and insolvency.

They understand how serious bankruptcy is and their knowledgeable team can help you navigate a range of options should any issues arise.

Kamy Saeedi Law

Kamy Saeedi Law have built long-lasting relationships with many businesses across the ACT and NSW through their ability to listen to their clients and understand what they want.

Their passionate and knowledgeable team of lawyers are motivated by achieving the best possible outcome for their clients and understand how delicate insolvency and bankruptcy issues can be.

Frequently Asked Questions

What do bankruptcy lawyers do?

A bankruptcy lawyers main job is to assist with debt, either working to create a plan to pay down and remove debt, or organising and managing the process of insolvency, bankruptcy, or liquidation. They will also provide legal advice for your financial situation.

What does bankruptcy mean?

Bankruptcy is a legal process where you are declared unable to pay your debts, thus releasing you from most debts and allowing you to make somewhat of a fresh start.

What are my obligations when declaring bankruptcy?

When declaring bankruptcy, you must provide details of your debts, income and assets to your trustee and they will notify your creditors. Your trustee can sell certain assets of yours to help pay your debts and you may need to make compulsory payments.

Should I do anything before declaring bankruptcy?

Before finally deciding to declare bankruptcy, you should seek out as much assistance as possible from experts in the field. You should then take the time to figure out if you have other options avaiable and truly undestand the implications with bankruptcy.

When should I consider hiring a bankruptcy lawyer?

It is advisable to consult a bankruptcy lawyer if you are facing overwhelming debt, struggling to meet financial obligations, or considering filing for bankruptcy. A bankruptcy lawyer can assess your financial situation, explain the different bankruptcy chapters, and guide you on the most appropriate course of action based on your circumstances.

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