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Best Insolvency Lawyers

Found 3 Insolvency Lawyers

Adv. and Notary Yaniv Gil

Family Law & Bankruptcy Attorneys

Family law Lawyers

5.0

75 Reviews on Insolvency Lawyers

Polite and professional, a good personRead Full Review

Languages: Hebrew, English

Polite and professional, a good personRead Full Review

Languages: Hebrew, English

150 Menachem Begin Road, 7th Floor, Tel Aviv

Attorney David Gonen

Family Law and Inheritance Attorney

Family law Lawyers

5.0

3 Reviews on Insolvency Lawyers

Attorney Gonen handled the sale and purchase of an apartment during the Corona lockdown period with great dedication and professionalism. He made sure to physically attend and complete the task in the best possible manner while providing personal and humane service. Additionally, he was attentive and acted flexibly in the face of economic difficulties during that challenging time. I highly recommend the professional services of Attorney Gonen.Read Full Review

Languages: Hebrew, English

64 Hanita St., Haifa

Eldar Shabo & Co. Law Office

Criminal/Military Law, Traffic Law, Insolvency and Judgement Execution Law Office

Criminal law Lawyers

5.0

2 Reviews on Insolvency Lawyers

Highly recommended law firm where the client is the main priority and supreme value. They are friendly, professional, available 24 hours a day even after payment of fees. A firm that does not exploit clients' difficulties regarding fees. Bravo...Read Full Review

Languages: Hebrew, English

HaOman St 25, Jerusalem

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General information on legal service

Insolvency and bankruptcy laws are a complex legal field dealing with situations where an individual or company is unable to meet their financial obligations. This area is designed to balance the rights of debtors with those of creditors, while providing an opportunity for economic rehabilitation on one hand and ensuring debt repayment on the other. When you're facing significant financial difficulties, understanding the options available to you in this field can be critical.

Subfields in Insolvency and Bankruptcy Law

This field contains several important subfields:

Individual Bankruptcy Proceedings: Deals with the process by which individuals can declare bankruptcy and begin a process of debt settlement and economic rehabilitation.
Corporate Insolvency Proceedings: Focuses on legal processes related to companies that cannot meet their financial obligations.
Debt Arrangements: Deals with negotiation processes and agreements between debtors and creditors, aiming to reach an arrangement that allows for debt restructuring or partial debt forgiveness.
Economic Rehabilitation: Focuses on options and processes for the economic rehabilitation of debtors, both individuals and companies.
Asset Protection: Deals with strategies to protect the debtor's assets during insolvency proceedings.
Creditor Rights: Focuses on the rights and options available to creditors in insolvency proceedings.

How Can an Insolvency Lawyer Help You?

A recommended insolvency lawyer can be a valuable asset in dealing with insolvency situations. They can assist you in the following ways:

Comprehensive Legal Advice: A law firm specializing in insolvency and bankruptcy will provide you with a deep understanding of the options available to you and the implications of each choice.
Managing Bankruptcy Proceedings: A bankruptcy lawyer will manage all aspects of the bankruptcy process for you, from filing the petition to completing the process.
Negotiating with Creditors: Managing negotiations with creditors to achieve favorable debt arrangements.
Court Representation: In case of legal proceedings, the lawyer will represent your interests in court.
Strategic Planning: The attorney will assist in developing a strategy for economic rehabilitation and dealing with debts.
Asset Protection: Assistance in protecting your assets during the proceedings.

LawReviews: Your Guide to Finding the Most Suitable Lawyer

In the complex world of insolvency and bankruptcy law, finding a recommended lawyer is a critical task. This is where LawReviews comes into the picture - the leading platform for finding recommended lawyers. Through LawReviews, you can:

Read genuine reviews from previous clients
Search for lawyers by areas of expertise and location
Get a complete picture of the lawyers' experience and expertise

Don't face financial challenges alone - use LawReviews to find the most suitable lawyer for you.

Frequently Asked Questions

What is the difference between insolvency and bankruptcy?

Insolvency is a financial state where a person or company is unable to pay their debts. Bankruptcy is a specific legal procedure that is initiated when an individual declares insolvency.

Will declaring bankruptcy erase all my debts?

Not necessarily. Some debts, such as alimony or criminal fines, cannot be discharged in bankruptcy proceedings. An insolvency lawyer can advise you about your specific debts.

How long does the bankruptcy process take?

The duration of the process can vary, but it usually lasts between three to four years. During this period, you will be required to meet certain conditions set by the court.

Will I lose all my assets in a bankruptcy proceeding?

Not necessarily. The law defines certain assets as "protected assets" that cannot be seized. A bankruptcy lawyer can help you protect essential assets.

Can I get credit after declaring bankruptcy?

Getting credit after bankruptcy can be challenging, but not impossible. After completing the process, you can gradually start rebuilding your credit.

What is a debt arrangement and how is it different from bankruptcy?

A debt arrangement is an agreement between the debtor and creditors to restructure or reduce debts without declaring bankruptcy. It is often a preferred option that can prevent the negative consequences of bankruptcy.

Can bankruptcy proceedings be canceled after they've begun?

Yes, under certain circumstances you can ask the court to cancel the bankruptcy proceedings. However, this is a complex step that requires professional legal advice.

How does bankruptcy affect my ability to run a business?

During the bankruptcy process, your ability to run a business may be limited. After completing the process, you can usually return to managing a business, but it's important to consult with a lawyer about specific restrictions.

Will declaring bankruptcy affect my current employment?

Generally, employers are not allowed to fire an employee solely due to a bankruptcy declaration. However, in certain professions, such as in the financial sector, there may be implications for employment.

What is the discharge period and what does it mean?

The discharge period is the time after which the debtor is released from most of their debts. The duration is set by the court, and at the end, if you have met all conditions, you will receive a "discharge" that releases you from the debts included in the bankruptcy proceedings.

Disclaimer

The information and content displayed on this site is intended to provide informative information and expressive opinion on behalf of third parties only they are not a substitute for professional legal advice and should not be relied upon as such advice. Any use of the information on the site requires examination and verification with the relevant parties. Use of the site and its contents is the sole and complete responsibility of the user

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