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Significant reducing of debts

A new immigrant who became entangled in Israel with a deceitful act by his business partner. The new immigrant had to leave Israel and left behind large debts – a stay of exit order was imposed on him immediately after he left. The client turned to us to straighten his problem with the creditors. Since he couldn’t declare bankruptcy because it wasn’t made possible, the only possibility (without going back to Israel) was to manage the numerous cases (execution) with the creditors- especially the banks. At the end, the office reached a settlement with the creditors and the debt was reduced from over a million and a half shekels to a total amount of NIS 200,000 and all limitations and procedures that were imposed on the client were cancelled.

עברית (Hebrew) Português (Portuguese (Brazil))

Significant reducing of debts

Tzvi Szajnbrum, Attorney at Law