Yip, Tse and Tsang Solicitors have been around since 1994, so they clearly have a lot of experience. Looking into their bankruptcy services, I noticed how structured their approach is.

They handle personal bankruptcy, Debt Relief Plans (DRP), and Individual Voluntary Arrangements (IVA). Each option also follows a clear process that makes it feel like clients aren’t left to navigate things on their own.

Beyond the process itself, their office network is impressive. They have 17 locations across Hong Kong and even offer services in multiple languages. 

That makes getting help more convenient and less stressful for anyone dealing with complicated legal matters.

They also provide a client portal for tracking case progress, which is genuinely useful for a process that can easily feel overwhelming.

Their fees start at HK$14,500 for personal bankruptcy, including court and official costs. I find it reasonable compared to what I’ve seen elsewhere.

That said, they handle a high volume of cases, so some clients might feel they don’t get fully personalized attention.

Professional and fast service

“I’ve used this firm multiple times and highly recommend it. They’re professional and fast. If you call the Wanchai branch and look for Zoey Lo for enquiries, she can help you immediately. Even last minute appointment is possible! Thank you for your swift response and course of action!”

• Barbie Few, Google Review

Efficient, patient

“I had an excellent experience with Charlotte and Wan. They were incredibly efficient, patient, and took the time to explain everything I needed to know in detail. Highly recommend their services!”

• Sammi, Google Review

Lee Law Firm is focused on bankruptcy and restructuring work, handling both corporate and individual cases.

Their team includes partners Jacqueline Lee and Minju Kim. They have years of experience across corporate insolvency, personal bankruptcy, and complex financial disputes.

That expertise gives the impression that clients are guided through complicated situations efficiently, with practical solutions rather than one-size-fits-all advice.

With that level of experience, their approach feels organized. They break down complex insolvency cases into clear steps, which reduces a lot of the stress involved in the process.

On the client side, their approach feels practical as well. A past client mentioned that the team doesn’t overload you with legal jargon and is willing to work out solutions that fit the situation.

Besides bankruptcy, the firm also covers other legal areas like civil litigation, employment law, and fraud tracing. This makes it easy for clients to handle multiple legal needs under one roof.

Given their specialized focus, fees are a bit higher than average. While the quality and expertise are clear, those mindful of expenses might find it limiting.

Expert and trustworthy guidance

“I am so glad that I chose to switch to Lee Law Firm for my legal issue. They, with great expertise, guided me through my legal matter, were truthful on all aspects and absolutely performed above and beyond my expectations. I would suggest anyone to seek a consult with Lee Law Firm, before going elsewhere.”

• Prubdial Singh Pannu, Google Review

Professional and effective

“Lee Law Firm helped me in a difficult Situation very professionally and solved it to my satisfaction. I can highly recommend them and Extremely appreciable and thank you so much to aman pannu as well lee law firm.”

• Ankit Ahuja, Google Review

Since 1987, Oldham, Li & Nie have been navigating Hong Kong’s legal landscape, picking up a lot of practical experience over the years.

Their bankruptcy work is handled by a four-partner team led by Richard Healy, covering both creditors and debtors.

I spoke with a client who was dealing with personal bankruptcy, and he said the lawyers explained the steps thoroughly and were upfront about fees. That kind of transparency is really useful for anyone navigating a tricky process.

The firm also has a large international team, with lawyers admitted in Hong Kong, the UK, and the US. That setup really helps when cases have cross-border elements, which can come up in corporate bankruptcies or situations involving overseas investments.

On top of bankruptcy, they cover a wide range of other legal areas, from corporate law and fraud tracing to family law. It’s possible to handle multiple issues with the same firm.

They stay engaged with the wider legal community too, hosting panels like Hong Kong Arbitration Week. I find this really good as it suggests they keep up with current trends and best practices.

That said, some clients mentioned it can be tricky to reach their bankruptcy lawyers quickly, which could hold up time-sensitive matters. 

Efficient and attentive support

“I have used Paul Firmin at OLN for some years now. He is efficient and attentive to my legal needs. He is reliable and gives good legal advice and comes up with good solutions. Easy to get on with and easy to work with.”

• Neil Jensen, Google Review

Excellent support and practical advice

“I have been a client of OLN (Paul Firmin) for many years, and I have always been very appreciative of his professional and responsive approach to my needs, and in providing excellent and practical advice.  I would not hesitate to recommend Paul to anyone seeking sound legal advice and assistance.”

• Dominic Li, Google Review

Tanner De Witt is one of the most recommended firms in Hong Kong for restructuring and insolvency work.

Part of what makes them stand out is that bankruptcy cases are led by Ian De Witt and Robin Darton, both recognized as top-tier lawyers in the field.

Their reputation is backed up by client feedback. One client I heard from was dealing with a corporate insolvency involving overseas assets and multiple creditors.

He mentioned that the team didn’t just explain the legal steps. They also helped him prioritize what needed attention, coordinated with foreign advisors, and made it easier to see how decisions in Hong Kong could affect matters elsewhere.

Having that kind of guidance seems really useful, especially when timing and cross-border compliance are critical.

The firm also has a multilingual team and strong international connections, which makes it easier to handle cases with cross-border elements.

They cover a wide range of other legal areas too, from commercial litigation to family law, so it’s possible to manage overlapping legal issues much simply.

Even with all these strengths, one thing to consider is that it can sometimes take a while for updates to filter through because the firm handles such complex and high-profile insolvencies.

Honest and staightforward

“Not cheap, but they always give you honest and frank advice towards achieving the best results.”

• Dave Jarrett, Google Review

Effective service

“Excellent service. Personable lawyers. Effective advice.”

• Bear Doe, Google Review

Deacons made it to my list for their depth of experience and steady handling of complicated bankruptcy and restructuring cases.

They’re one of those firms that’s been around long enough to know how to manage both corporate and personal insolvencies without losing focus.

With a large team and strong regional ties, they seem to have the resources to handle just about any kind of financial trouble that lands on their desk.

I talked to one of their clients who had gone through a corporate restructuring. He mentioned how systematic the lawyers were in laying everything out — they didn’t just push the paperwork but helped him understand how each step fit into the bigger picture.

It made a complicated process a lot easier to follow. That kind of thoroughness really stood out to me.

Still, because Deacons tend to handle large-scale and cross-border matters, things can move a little slower. There’s more documentation and coordination involved, so if you’re expecting a quick turnaround, it might take longer than you’d hope.

Reliable

“Excellent legal services!”

• OC, Google Review

Skilled legal team

“Intelligent lawyers!”

• Z, Google Review