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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