Helping businesses in distress

We believe than any business, no matter how small its cash flow issues may seem, could benefit from an early legal consultation with an expert on insolvency issues. Unfortunately, very often businesspersons only take consultation when it is too late to save their business from collapse.

Our experience shows that this avoidance or consultation is due to blind confidence in the business’ capability of keeping supporting its owners, after all these years. However, more often than not, such overconfidence leads businesspersons to avoid responding in time to harmful developments, such as a “financial hump” the business can’t get over for long, or external circumstances worsening the business’ performance.

There are some red alerts any businessperson should notice, such as the need to cover the business’ deficits out of one’s personal capital, or the businessperson and his relatives offering personal guarantees in order to keep being served by providers. At this point, the businessperson should step back and consult an expert on whether to keep operating the business. Otherwise, only the business may collapse, but the businessperson and his family may lose all their savings and become liable to thousands or even million USD worth lawsuits. Unfortunately, our experience proves it happens in Israel on an almost daily basis.

Our experienced lawyers are well acquainted with relevant key officials in insolvency cases, including Official Liquidator Office representatives, which whom we cultivated years-long close relations. They are even empowered by Israeli courts of law in such cases. This will allow us to help your company reach compromises with its various creditors.

Insolvency and bankruptcy proceedings

Our lawyers have already represented hundreds of debtors who were on the verse of complete financial breakdown. However, we can help you avoid this situation and make separate arrangements with different creditors, including debt restructuring and long debt rescheduling. We can also file a request for a personal creditors’ composition which does not involve a receivership order or declaring bankruptcy.

Even in case bankruptcy proceedings is the only option, there is no reason to panic. Thousands of people undergo this process every year. Its purpose is to allow a relatively quick realization of the debtor’s rights and assets, as well as financial recovery of the debtor and covering his or her debts as soon as possible. We help our clients throughout the whole bankruptcy process, from initial day-to-day activity consultation, through the filing a receivership request, suspension of proceedings against the client in general, and specifically, the debt collection proceedings, to assistance in submitting periodic financial reports filing requests for annulment of ne exeat order and/or other legal restriction on the client’s everyday life.

One of our firm’s specialties is out-of-the-box solutions for unusual circumstances, e.g. when just one spouse is indebted, by redeeming the indebted spouse’s share of the couple’s residence. This way we protect the other spouse’s proprietary rights and help the couple retain their residence.

Debt-collecting and enforcement of debt judgment proceedings

Our firm is very experienced in dealing with million USD debt collection proceedings. We use original collection procedures and sophisticated legal means which go beyond just filing a request for enforcement of debt judgment. For example, we file creditor’s request for the liquidation of indebted company or individual debtor’s bankruptcy application. Such proceeding usually make the debtors realize they must pay their debts to our clients immediately, not allowing the debtors to prolong the collection proceedings as much as they like, sometimes indefinitely.

Our firm also enjoys the cooperation of private investigators, in order to track down the debtor’s fraudulent means of avoiding paying their debts, such as fictitious registration of assets under an alias.

Property damage claims:

Our firm represents many clients who suffered property damage due to fire, water leaks, flooding, theft, professional malpractice etc. Our firm enjoy the cooperation of qualified and experienced appraisers, accompanying the clients the way to receiving the compensation one is entitled to, either from the insurance company or from any other liable party, in case there is no insurance coverage.

Civil and commercial litigation:

Our firm’s lawyers frequently represent a variety of civil and commercial cases, including most complex ones, before all Israeli jurisdictions, namely Courts of the Peace, District Courts and Supreme Court. They are experienced in cross-examinations, which frequently turned the decision in the case in our clients’ favor.

Legal accompaniment of businesses:

We provide businesses with constant and regular legal accompaniment in every sphere of business laws, such as corporations laws, contracts, debt collection, collaterals, land laws, labor laws etc., using the extensive experience of our lawyers.

This legal support covers all legal aspects of business activity, including drafting contracts, minutia, preparing bid proposals, correspondence with authorities, and dealing with all kinds of lawsuits. We also provide information aimed at preventing the ill effects of legal ignorance.

Our firm also offers our clients personal legal consultation in all fields relevant to one’s business. Our clients carefully make sure to offer absolutely accurate information only, after a thorough examination of any subject in question.

Legal accompaniment of real estate transactions

Our Real Estate Department offers legal consultation in all kinds of real estate transactions, from apartment lease and sale to more complex transactions, such as legal support of construction projects, combination transaction etc.

Our firm combines high level of professionalism with client-friendly approach. As part of our regular legal support of real estate entrepreneurs, we offer you legal accompaniment throughout your project. We have lawyers with rich experience and proven capabilities of negotiating with various players affecting Israeli real estate market.

Labor law cases

Our firm represents both employees and employers in labor lawsuits, including individual and collective rights in labor relations. This includes drafting employment contracts, option agreements, retirement agreements, collective agreements, legal consultation to employees and employers, and representing employees and employers before various courts in individual and collective lawsuits as well as representative lawsuits.

Our firm is also experienced in representing groups of employees whose employment was terminated due to their employers’ insolvency states (bankruptcy or liquidation).

Wills execution, inheritance cases, custodianship and guardianship

Our firm offer consultation on domestic law, fitting the specific circumstances of our clients, including drafting of wills, inheritance probate orders, representation before Inheritance Registrar and domestic court, granting and objecting to granting will probate orders, handling inheritance cases, receivership cases, dissolution of real estate partnerships, and handling lawsuits on these grounds.

Out firm also help our clients file requests for guardianship of person and/or property of any relative who cannot manage one’s affairs autonomously.