Debt collection in Israel
Debt collection in Israel and legal proceedings when the other party/debtor is in Israel is a complex procedure. Sometimes debtors tend to waive the debt, in order to avoid many expenses and lengthy proceedings in order to exercise their rights.
The reasons for this, mainly, are the distance, cultural differences, a complex and different set of laws, a different legal system in Israel, and unfamiliar procedures.
Debt collection in Israel.
There are mainly two types of debts, and there is a different approach for each one of them. Commercial debts versus private debts. The legal solutions to both types of debt can be different and varied, along with a different outcome range.
Sometimes ancillary services are also required, such as locating the debtor, financial investigation (private or business debtor), and the ability to collect the debt along with the effort required to do so.
Collecting a debt in Israel improves the efficiency of the company/business and increases the cash flow for debts that will sometimes be considered lost.
Advantages of local collection services.
The collection services offered, usually, when there is no need to initiate legal proceedings, do not require a special expense. Our Law firm in Israel has high debt collection skills, and we will repay the debt amounts more quickly and efficiently than an internal finance department in a company/business.
The debtor maintains a reputation and good name when an Israeli law firm operates in his name. Beyond that, the litigation services in Israel, through our firm, will usually cost much less, than the debtor will hire legal services from various law firms in Israel.
We are flexible, and transparent in front of clients, and have contacts with collection offices and law firms, in almost all countries of the world. So, the client is offered a complete package of debt collection services abroad.
Our firm has contact with law firms, in almost all countries of the world, that specialize in debt collection under local law, which can locate the debtor and increase the chances of success in debt collection.
Eli Shimony – Israeli law firm represents clients on all legal matters in Israel. For any questions please contact us and we will be happy to assist.
By email: [email protected], By phone: +972-52-2769773, +972-3-5507155.
The above is only general information and does not replace legal advice which is usually necessary before taking legal proceedings.