{"id":326,"date":"2015-06-02T14:15:10","date_gmt":"2015-06-02T14:15:10","guid":{"rendered":"http:\/\/www.mayalavy.gnssweb.co.il\/en\/?page_id=326"},"modified":"2020-01-28T11:47:55","modified_gmt":"2020-01-28T09:47:55","slug":"execution-proceedings-and-obligation-enforcement","status":"publish","type":"page","link":"https:\/\/ml-law.co.il\/en\/execution-proceedings-and-obligation-enforcement\/","title":{"rendered":"Collection and Imposition of Funds"},"content":{"rendered":"

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The law concerning collection from 1967, and its varied bylaws, regulate the process of enforcement and collection in the State of Israel.\u00a0 This process was designed to allow the winning party to take strategic steps toward the collection of funds.\u00a0 It is possible to direct the process by collection agencies, court rulings on behalf of the winning party, bills, promissory notes, and mortgage deeds.<\/p>\n

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It is important to note that the law provides the debtor several options by which to act that might delay the proceedings acted against him; or, alternatively, bring to their dismissal.<\/p>\n

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Collection Attorney<\/strong><\/p>\n

The corporate reality in Israel is not a simple one.\u00a0 Many businesses, large and small, deal every day with different collection issues.\u00a0 At times, the debtors deviate from payment agreements that were agreed upon in advance, and are unable to keep up with their agreed payment schedule due to temporary solvency difficulties.\u00a0 At its worst, this is about disbursing checks that have no coverage, evading agreements, and more.<\/p>\n

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Because collection of debts, in general, and conduct in front of the collection system, in particular, require exceptional expertise, there is no doubt that choosing a law office that handles collections<\/strong> is crucial and the natural thing to do.\u00a0 Such a decision has several advantages, and in order to succeed with the collection proceedings, it is imperative to act on time, but also to act appropriately.<\/p>\n

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Acting on Time<\/strong><\/p>\n

Many business owners and corporations know exactly how to manage their businesses fluidly and efficiently.\u00a0 Yet, many times, they do not know how to function correctly when faced with debts to different creditors.<\/p>\n

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The first rule in this issue is that it is important to act on time, meaning fast.\u00a0 Especially when dealing with substantial debts, a fast referral to a collection attorney could mean the difference between success and failure.\u00a0 In cases where the circumstances are not very clear, an urgent consultation with a knowledgeable attorney is required, and could clear up the situation.\u00a0 Thanks to the cumulative experience, and the ability to act in a systematic way, it is possible to turn an ambiguous debt into a collectible debt.<\/p>\n

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Acting Appropriately<\/strong><\/p>\n

Many are aware that the debt situation in Israel is in a very bad place.\u00a0 The amount of defaulting checks is very large, and many businesses are in bankruptcy process<\/strong> and debt consolidation.\u00a0 Therefore, when acting with collection processes, it is imperative, not only to act fast, but also to act appropriately.\u00a0 Acting appropriately that is done by an experienced collection attorney<\/strong>, will utilize all of the appropriate, and available tools in order to reach the best results.\u00a0 In addition, intelligible actions will be taken based on the case itself, such as:<\/p>\n