What does an insolvency lawyer do?
Insolvency lawyers advise people and companies in financial distress on restructuring, proposals, receiverships, and bankruptcy, and they act for creditors who are trying to recover what they're owed.
Bankruptcy and insolvency are governed by federal statutes that apply the same way across Canada, though the proceedings run through the courts in your province.
Ask whether the firm acts for debtors, creditors, or trustees, and how a proposal or restructuring might compare with bankruptcy for your situation. You can confirm any lawyer's standing with the law society in your province before you retain them.