Insolvency, Creditors’ Rights and Work-Outs

Insolvency, Creditors’ Rights and Work-Outs

Meitar has a highly regarded insolvency, creditors’ rights and work-outs practice, specializing in all areas of receivership, creditors arrangements and rehabilitation of companies in difficulties, including realization of assets.

Our firm has extensive and varied experience in this area and has handled numerous cases of insolvency, receivership and stays of proceedings of great impact in Israel’s economy. Attorneys in the firm have and currently serve as appointees (liquidators, receivers or trustees in stays of proceedings) in complex cases of insolvency of infrastructure companies, construction companies, computer and programming companies, commercial companies and others. In these capacities, they executed complicated rehabilitation plans for the companies, realization of assets, investigations, examinations of proofs of claim and restitution to creditors according to creditor priorities under law and more.

Our firm also represents creditors, both secured and unsecured, in defending their rights in cases of insolvency and bankruptcy, such as by realizing assets and handling complex creditor rights disputes.

Additionally, the firm handles voluntary creditor arrangements for debtors and creditors before corporations reach a state of insolvency.

This practice area as well as prominent partners in the firm areis continually ranked as leading in the field in International and Israeli guides such as Chambers Global, BDICode, Duns100 and others.

Representative experience

• Representation of the trustee in the NIS 100 million creditor settlement of AFCON Industries Group.
• Representation of a venture-backed high-technology telecom company in the first successful work-out under Israel’s stay-of-proceedings scheme.
• Representation of secured and unsecured creditors in receiverships, stays of proceedings, schemes of arrangement and bankruptcies.
• Appointment as receiver in liquidation proceedings.