-- The expansion comes as companies across multiple sectors continue to face pressure from elevated interest rates, higher operating costs, and persistent cash flow challenges, with the firm now providing legal guidance to business owners seeking a clearer understanding of their financial position, the legal implications of insolvency, and the options available for addressing mounting financial strain.
Click here for more information about the firm’s corporate and commercial services.
Data from the Office of the Superintendent of Bankruptcy shows that business insolvency filings in Canada declined year over year in 2025, yet volumes remain more than 33% higher than pre-pandemic averages. In the United States, business bankruptcy filings increased by 5.6% in the twelve-month period ending September 2025, with large corporate bankruptcies reaching levels not seen in nearly 15 years. Together, these trends reflect ongoing economic pressure for businesses operating on both sides of the border.
Against this backdrop, Pace Law Firm’s corporate and commercial lawyers work with businesses facing insolvency to review their financial circumstances in detail, including assessing assets, liabilities, creditor relationships, and broader operational factors, while outlining the legal implications of the various courses of action available. Depending on the situation, these options may include debt restructuring, formal arrangements with creditors, receivership, voluntary liquidation, or bankruptcy proceedings. Each matter is approached individually, with strategies shaped by the business’s financial condition, industry environment, and longer-term goals.
Pace Law Firm supports clients throughout the insolvency process by managing legal filings, communicating with creditors, and advising on regulatory obligations across U.S. and Canadian jurisdictions. Where restructuring remains possible, the firm assists with the development of recovery or repayment plans intended to stabilize operations while addressing outstanding liabilities in an orderly manner.
When formal insolvency proceedings become necessary, the firm represents clients through each stage of the process, handling required documentation and court-related matters while safeguarding business and stakeholder interests. Support may also continue after proceedings conclude, with guidance focused on recovery planning and future business considerations.
In addition to insolvency-related matters, Pace Law Firm offers a broad range of corporate and commercial legal services, including business formation and advisory work, business purchases and acquisitions, management and compliance support, and partnership dissolutions.
Businesses seeking more information about insolvency-related legal support can click here.
Contact Info:
Name: Robin Bell
Email: Send Email
Organization: Pace Law Firm
Address: 191 The West Mall Suite 1100, Toronto, ON M9C 5L6, Canada
Website: https://pacelawfirm.com
Release ID: 89179753