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General information on legal service
An insolvency procedure is a solution that allows a private person who owes a lot of money to his creditors but is unable to pay his debts, to reach a settlement with those creditors. In this way, it is possible for at least some of the creditors to receive at least part of the sums due to them, and at the same time it is possible for a person who has reached insolvency (formerly 'bankruptcy') to begin the process of recovering his financial life without suffering persecution from the creditors or from the authorities. The issue of insolvency is regulated in Israel As part of the Insolvency and Economic Rehabilitation Law 2018. This is an event involving various interests and considerations of opposing parties, so it is better to use a recommended, expert and experienced attorney in the fields of insolvency, bankruptcy, labor law, debt cancellation and other relevant issues. Looking for Insolvency Lawyers in Kiryat Yam? In the LawReviews index you can find a wide variety of bankruptcy law firms in Kiryat Yam with dozens and hundreds of reviews from real clients. Through LawReviews you can contact bankruptcy law firms, schedule an appointment and receive information about their professional experience. If you are interested in locating insolvency lawyers according to specific preferences, you can focus your search by regions of the country, the language of the service provider, the gender of the lawyer and more.
Frequently Asked Questions
When can a creditor request to open bankruptcy proceedings against a debtor?
If the debt is known and there is no dispute about it, and a written demand for the payment of the debt has been forwarded in which it is stated that the subject intends to file a request to open bankruptcy proceedings, and after 45 days from the date of delivery of the demand the debt has not yet been paid - the creditor has the right to request the opening of bankruptcy proceedings against the debtor. It is recommended to consult with a lawyer specializing in insolvency to make sure that the application is submitted according to the law.
Unfortunately I have no choice but to go bankrupt. When to involve an insolvency lawyer in the process?
As soon as possible. A bankruptcy attorney can examine the extent of debts compared to assets and income and perhaps recommend another way, such as consolidation of cases. And even if there is no other choice, the lawyer will be able to advise and accompany the process from the legal side in order to rehabilitate you financially as quickly as possible.
Does the geographic location of the lawyer specializing in insolvency matter?
No. The geographical proximity can be convenient if it is necessary to hold meetings from time to time, so it is worthwhile to hire an insolvency attorney in Kiryat Yam, for example, if the client lives nearby. But the professionalism and experience of the attorney is more important even if he is physically located in a distant area.
How can I locate Insolvency Lawyers in Kiryat Yam that speak my language?
In order to find Insolvency Lawyers in Kiryat Yam that speak a certain language, you must mark the requested language in the "additional filters" table - language and click on the "search" button.
How can you find Insolvency Lawyers in Kiryat Yam of a certain gender
To find Insolvency Lawyers in Kiryat Yam of a certain gender, you must mark the preferred gender in the "additional filters" table - gender and click on the "search" button.
How can one locate Insolvency Lawyers that provide an online service (virtual consultation)?
To find Insolvency Lawyers that provide an online service (virtual consultation), in the "additional filters" table, mark the "virtual consultation" box and click on the "search" button.
What should I do if my search for Insolvency Lawyers did not yield satisfactory results (due to the lack of Insolvency Lawyers in the in Kiryat Yam or due to the incompatibility of Insolvency Lawyers found for my needs)?
If no results matching your needs were found in the search you performed, it is recommended to expand the area or city specified in the main search bar to a nearby large city or completely cancel the filter restriction by "place in the country".
How can you locate reviews given on Insolvency Lawyers in Kiryat Yam for a specific service?
To find the reviews given on Insolvency Lawyers in Kiryat Yam for a certain type of service, you must go to the page of Insolvency Lawyers and mark the type of service requested in the drop-down list "view by type of service" in the reviews section.
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