In insolvency proceedings, the debtor encounters a number of obligations that are imposed on him by the official authorities conducting the proceedings. The debtor’s cooperation and good faith constitute a very important factor as the proceedings progress toward receiving the desired discharge. The legislature imposes a number of obligations on debtors in insolvency proceedings in…

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How Can You Check If You Have a Stay of Exit Order, and How Can You Cancel a Court Order Preventing You from Leaving Israel? A stay of exit order prevents Israelis with debts or obligations in Israel from leaving the country. For many people, an Exit Delay order is an unpleasant surprise that destroys…

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An Exit Delay Order from Israel prevents Israelis from leaving the country for work, health, family visits, religious purposes, or even for recreation and leisure. It also infringes on freedom of movement, which is guaranteed in the Basic Law of Human Dignity and Liberty. What happens if you are served with an Exit Delay Order…

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Israel’s new Insolvency and Financial Recovery Law came into effect in September 2019. The new law supersedes and replaces the Bankruptcy Ordinance [New Version] – 1980. Some of the more remarkable things about this new law are; changes in perception regarding the status of the debtors and the creditors, social values, and shortened timeframes. In…

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What is an Order of Discharge? According to Israeli law, at the conclusion of the debtor’s process, after the debtor paid his debts according to the payment plan prescribed him, the Court grants him the Order of Discharge. This order grants the debtor the opportunity to start a new chapter in his life, as he…

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Insolvency in Israel is unfortunately a frequent process. The pace of economic life can often lead people to financial commitments that they fail to meet. According to Israeli law, a person caught in this situation may initiate bankruptcy / insolvency. Correctly completing insolvency proceedings in Israel will result in the discharge of the debt. In…

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