Insolvency & Debt Arrangements
Accumulated debt does not disappear by itself. Israel's Insolvency and Economic Rehabilitation Law gives individuals and companies a path to settle their debts and start over — and gives creditors a path to collect what they are owed.
The earlier you act, the more options you have.
- Insolvency proceedings for individuals and companies
- Debt arrangements and settlements with creditors
- Representing creditors and filing proofs of debt
- Defence against collection proceedings
Frequently asked questions
Who can open insolvency proceedings?
Both individuals and companies, and a creditor can also apply against a debtor. The conditions are checked in a meeting.
Are the debts erased at the end?
At the end of a successful process a discharge from some or all debts may be granted, under the conditions set in the proceedings.
The information on this page is general and is not legal advice. Every case is assessed individually.