Enforcement & Insolvency
Stay of Proceedings
Under Israel's Insolvency and Economic Rehabilitation Law, an order opening proceedings generally halts collection proceedings against the debtor. The aim is an orderly arrangement of debts, sometimes ending in a discharge.
When should you contact a lawyer?
- Your debts are larger than you can manage.
- Many enforcement files have been opened against you.
- A business is in difficulty, and you want to explore an arrangement.
- You're looking for economic rehabilitation and a fresh start.
