Debt Settlement Lawyer in Israel

DEBT SETTLEMENT LAWYER IN ISRAEL
Many people in debt experience feelings of distress and anguish. Therefore, it is recommended for debtors to seek professional services from an expert and experienced Israeli debt settlement lawyer in order to act in the most efficient and professional way to reach a settlement that benefits you, achieving your debt relief and building a more balanced and stable financial future.
WHAT IS A DEBT SETTLEMENT?
A person who is in debt and finds that he is unable to repay them on time, can apply for a debt settlement from the relevant creditors. Whether it is banks, the National Insurance Institute, or the Execution, it is most likely possible to apply for a debt settlement.
The main purpose of reaching a debt settlement is to settle the debt. In cases where a person is unable to repay his debts, he can and may request that a certain adjustment be made to his debt depending on his financial situation. For example, by extending a long-term debt to many payments, reducing interest rates on the debt, and creating a larger and wider spread between payments.
FILING AN APPLICATION THROUGH A DEBT SETTLEMENT ATTORNEY
Applying for a debt settlement is not as simple a task as it may sound. This is a request whose purpose is to explain to the creditor or creditors why you deserve any relief in repaying your debts. Keep in mind that in most cases, the creditors will have the top hand and if you do not repay and repay the debt and loan as you pledged, you will likely have to deal with various legal sanctions, such as freezing a bank account, foreclosure, and sometimes even an exit order.
APPEAL AGAINST A DECISION GIVEN REGARDING A DEBT SETTLEMENT
It is important to know that not in all cases the application for a debt settlement will be accepted for a variety of different reasons: suspicion that the debtor is acting in bad faith, lack of trust or will on the part of the creditor, or a cause that is not convincing enough. It is possible that the application you submitted for debt settlement will be accepted, but only in part, which means that the benefits that the partial debt settlement will bring will not be large enough.
TREATMENT USING ADDITIONAL CHANNELS
The request for a debt settlement is not accepted in all cases, even if the debtor has appealed the decision to the court. Therefore, it is very important that you consult with an expert Israeli lawyer so that you can decide on the next step, as there is no choice and refuge other than dealing with the debt and not in all cases there are economic means sufficient to ensure full or partial debt repayment.
WHAT DOES A DEBT SETTLEMENT PROCEDURE INVOLVE?
CONDUCTING LEGAL NEGOTIATIONS WITH THE BANK
THIS IS HOW THE COLLECTION PROCEDURES ARE CONDUCTED
Debt settlement is a process that can be performed at any time and in any of the stages, but it requires the guidance and assistance of a lawyer who specializes in debt settlement who will represent you and meet on your behalf with the creditor or the other party's attorney or mutual agreement.
THE CHANGES INTRODUCED BY THE NEW LAW
The new Insolvency and Economic Rehabilitation Law has created a different legal approach and perspective regarding debtors in order to bring them into a state of full discharge of debt including the use of rehabilitative tools so that debtors can open a new and better chapter in life. The application for insolvency and debt settlement can and may be submitted by anyone who is unable to pay and repay his debts on time or the amount of his debts is higher than the value of his assets.
THE ROLE OF AN INSOLVENCY LAWYER IN LITIGATION
A debt settlement lawyer has the knowledge, experience, and abilities to represent debtors in a successful and optimal way and reach a suitable and fair debt settlement with the creditors. There are a number of important and vital roles for a debt settlement lawyer...
INSOLVENCY AND ECONOMIC REHABILITATION LAWYER
Hahn Law Office specializes in civil - commercial law, enforcement and insolvency proceedings, real estate, wills and inheritances. The dedicated, skilled, and experienced law firm staff includes senior and leading lawyers who will provide you with quality and professional legal advice, guidance, and representation all the way to achieving the desired and best legal result for you. In the field of insolvency proceedings, financial rehabilitation, and debt settlement, the quality and extensive legal envelope we provide you is of great importance and will help you protect the important and vital interests and rights for you. In any question and request, we are at your service and invite you to contact us and get help from our team of experts, so you can be sure that you will receive a quality legal response with a personal attitude, responsibility, and dedication.
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