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Order of Discharge – Ending the Bankruptcy Procedure

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

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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