Insolvency Lawyer Israel — Bankruptcy & Debt Restructuring Experts

Insolvency Law Firm in Israel — 15+ Years of Expertise

At משרד עורכי דין תאסירי ושות׳, led by עו"ד אסף תאסירי, we provide comprehensive insolvency legal services to individuals, businesses, and international investors facing financial distress in Israel. Our firm specializes in bankruptcy proceedings, debt restructuring, enforcement actions, and economic rehabilitation under the Insolvency and Economic Rehabilitation Law 5778-2018. Whether you are a foreign investor, English-speaking expat, or Russian-speaking immigrant, our multilingual team delivers expert guidance through complex insolvency matters with strategic precision.

Insolvency is a critical financial situation where a debtor cannot meet payment obligations. In Israel, the legal framework provides multiple pathways for debt settlement, creditor negotiation, and economic rehabilitation. Our role as your insolvency lawyer is to navigate these options, protect your rights, and pursue the most favorable outcome under Israeli law.

Why Choose Our Insolvency Law Practice?

• Veteran Firm: Over 15 years of proven experience in bankruptcy law and debt restructuring.
• Multilingual Team: English-speaking, Russian-speaking, and Hebrew-fluent attorneys serving international clients.
• AI-Powered Strategy: Our proprietary TTD AI system enhances legal analysis and case strategy.
• Comprehensive Services: From insolvency proceedings to enforcement law, civil litigation, and corporate restructuring.
• Client-Centric Approach: Personalized strategy tailored to your financial and business goals.
• Central Location: Located in Moshe Aviv Tower, Ramat Gan — easily accessible from Tel Aviv and the greater metropolitan area.

Our insolvency lawyers understand the emotional and financial stress of debt crises. We combine legal expertise with practical business acumen to develop solutions that minimize losses, preserve assets, and enable economic recovery.

Insolvency & Bankruptcy Services — Full Scope of Representation

1. Insolvency Proceedings & Debt Restructuring

Insolvency proceedings under Israeli law allow debtors to negotiate with creditors and restructure obligations. As your insolvency lawyer, we guide you through the process of filing for insolvency protection, preparing financial disclosures, and negotiating debt settlement agreements. The goal is to create a sustainable repayment plan that avoids full bankruptcy liquidation while protecting your assets.

Our team evaluates whether a debtor qualifies for insolvency proceedings (חדלות פירעון) or requires bankruptcy liquidation. We represent clients in negotiations with creditor committees, prepare restructuring proposals, and advocate for favorable terms in Israeli courts.

2. Bankruptcy Proceedings & Asset Protection

When insolvency restructuring is not viable, bankruptcy liquidation may be necessary. Our bankruptcy attorneys manage the entire liquidation process, including asset valuation, creditor claims management, and court proceedings. We work to protect your personal or corporate interests while ensuring compliance with the Insolvency Law.

For business owners and investors, we advise on corporate bankruptcy strategies, including separation of personal and business liabilities, secured creditor priorities, and post-bankruptcy recovery planning.

3. Enforcement Proceedings & Creditor Defense

enforcement proceedings (הוצאה לפועל) are legal actions to collect debts through asset seizure, bank account garnishment, or property execution. If you are facing enforcement action, our enforcement law specialists defend your rights, challenge improper claims, and negotiate payment arrangements. We also represent creditors seeking enforcement of valid debts.

Our enforcement attorneys understand Israeli execution law and the procedures of Israeli courts. We file objections, negotiate installment plans, and protect exempt assets on behalf of debtors.

4. Economic Rehabilitation & Creditor Negotiation

Economic rehabilitation (שיקום כלכלי) is a legal process allowing debtors to reorganize finances and settle debts over time. Our insolvency lawyers negotiate directly with creditors, prepare rehabilitation plans, and secure court approval for debt settlement agreements.

We handle complex multi-creditor negotiations, including negotiations with tax authorities, banks, suppliers, and private creditors. Our goal is to achieve a balanced settlement that allows your business or personal finances to recover.

5. Civil & Commercial Litigation Related to Insolvency

Insolvency often involves disputes with creditors, landlords, or other parties. We provide litigation support, including challenges to creditor claims, disputes over asset ownership, and enforcement objections. Our litigation team combines insolvency expertise with commercial law knowledge.

Insolvency Process in Israel — Step-by-Step Guide

Understanding the insolvency process is essential for making informed decisions. Below is an overview of how insolvency and bankruptcy proceedings work under Israeli law in 2026.

Total Timeline: Insolvency proceedings typically take 6-18 months from initial consultation to completion, depending on complexity and creditor cooperation. Bankruptcy liquidation may take 12-36 months.

Key Differences: Insolvency vs. Bankruptcy

Insolvency Proceedings (חדלות פירעון): Allow debtors to remain in control of assets and business operations while negotiating with creditors. Debtor proposes a restructuring or settlement plan. If creditors and court approve, debts are reduced or extended. Insolvency proceedings are preferred when the debtor has viable income or assets to support a settlement plan.

Bankruptcy (פירוק): Involves liquidation of assets to pay creditors. A trustee takes control of all assets, sells them, and distributes proceeds according to creditor priority. Bankruptcy is used when insolvency restructuring is not feasible or when creditors prefer liquidation. Bankruptcy may result in total or partial debt forgiveness depending on asset recovery.

Insolvency Costs & Fees — What to Expect

Understanding the financial costs of insolvency proceedings is critical for budgeting. Below is a breakdown of typical expenses in Israeli insolvency cases.

Attorney Fees

Our insolvency lawyer fees vary based on case complexity, number of creditors, and litigation requirements. We offer flexible fee arrangements:

• Hourly Rate: Standard rate for consultation, document preparation, and negotiation work.
• Fixed Fee: Flat fee for insolvency filing, court representation, and settlement negotiation (often 3,000-8,000 ILS depending on complexity).
• Contingency Arrangements: Possible in certain cases where fees are tied to settlement outcomes or asset recovery.

For a free consultation to discuss your specific costs, contact עו"ד אסף תאסירי at 03-7695555.

Court & Administrative Fees

Israeli courts charge filing and processing fees for insolvency applications. These typically range from 500-2,000 ILS depending on the total debt amount. Bankruptcy liquidation may incur additional trustee fees (typically 3-8% of recovered assets).

Creditor Committee & Trustee Costs

If a trustee is appointed in bankruptcy proceedings, trustee fees are paid from liquidated assets. In insolvency proceedings, creditor committee members may incur administrative costs.

Miscellaneous Expenses

• Document preparation and translation (for international cases): 200-1,500 ILS
• Expert valuations of assets: 1,000-5,000 ILS
• Court hearings and travel: variable

Our team provides transparent cost estimates during your initial consultation. We work within your budget and explain all fees upfront.

Your Rights as a Debtor in Israeli Insolvency Proceedings

Israeli insolvency law provides important protections for debtors. Understanding your rights ensures you make informed decisions and protect your interests.

Right to Legal Representation

You have the right to be represented by an insolvency lawyer throughout all proceedings. Our attorneys advocate for your interests in negotiations, court hearings, and creditor meetings. Legal representation is especially important for international clients unfamiliar with Israeli law and procedures.

Right to Propose a Settlement Plan

As a debtor, you have the right to propose a debt restructuring or settlement plan. Your insolvency lawyer drafts the plan based on your financial capacity and creditor priorities. If creditors and the court approve, the plan becomes binding on all parties.

Right to Asset Protection

Israeli law exempts certain assets from creditor claims, including primary residence (up to a limit), basic household items, and tools of trade. Our attorneys ensure these exempt assets are protected during enforcement proceedings or bankruptcy liquidation.

Right to Challenge Creditor Claims

You may challenge the validity of creditor claims in insolvency proceedings. If a creditor's claim is improper, inflated, or based on fraud, our lawyers file objections with the court.

Right to Confidentiality

Insolvency proceedings are conducted with reasonable confidentiality. Your financial information is disclosed only to creditors, the court, and the trustee (if appointed). Our firm maintains strict client confidentiality under Israeli attorney-client privilege.

Right to Economic Rehabilitation

If you meet eligibility criteria, you have the right to pursue economic rehabilitation (שיקום כלכלי) rather than liquidation. This allows you to reorganize finances and recover economically over time.