Order, at the hardest hour.

A trustee is an office-holder appointed by the court or by the Commissioner for Insolvency Proceedings, and acts as their arm — not as a representative of the debtor or of any particular creditor. The role is to locate and take possession of the debtor's assets, examine the proofs of debt, investigate whether assets were transferred in ways that should be unwound, run or sell a business where that is called for, and distribute the proceeds to creditors in the order of priority the law sets. Adv. Nadav Lev is regularly appointed as trustee, receiver, special manager and liquidator.

Once an order opening proceedings is granted, the debtor's assets are brought under the office-holder's control and form the insolvency estate. Individual creditors can no longer collect separately; the proceeding runs centrally so that every creditor is treated under the same rules. Assets are sold in a public, transparent process — usually by an invitation to submit proposals — and the proceeds are distributed according to the statutory order of priority. Certain assets, such as an individual's basic necessities, cannot be realised.

A proof of debt is filed with the office-holder in writing, together with the documents that establish it — contracts, invoices, guarantees, security interests and relevant correspondence. The deadline is set in the order opening proceedings and published, so it must be checked case by case rather than assumed from a general rule. Filing late can cost you the right to share in a distribution. If the debt is secured by a charge or a guarantee, say so explicitly — it changes where you sit in the order of priority.

A stay is a court order that temporarily halts collection actions and claims against the company. It does not erase debt — it buys time. During that window the company can keep trading, preserve its value as a going concern, and put together a settlement or rehabilitation plan with its creditors, instead of watching its value eroded by creditors collecting in parallel. Whether it works depends heavily on using it early enough, while there is still a business worth preserving.

Rehabilitation aims to preserve the business: the company keeps trading, usually under supervision, and a debt arrangement is put in place that lets it continue. Liquidation runs the other way — trading stops, assets are realised, and the proceeds are distributed to creditors. Israeli law prefers rehabilitation over liquidation where it is economically viable, on the premise that a living business is worth more than its assets at a break-up value. In practice the deciding question is whether there is a viable core business and funding to carry it.

Yes. Cross-border insolvency is a core part of the firm's work, and it represents creditors and financial institutions in tracing and realising assets in Israel — including where the main proceeding is running in another jurisdiction. That work covers asset tracing, applications for interim relief to stop assets being moved, investigation of earlier transfers, and co-ordination with the client's own counsel at home. The firm works regularly alongside foreign lawyers and serves as their entry point into the Israeli system.

Properties are marketed by an invitation to submit proposals. The process is open — any person or entity may submit an offer, with no prior relationship to the firm required. Proposals are submitted in writing by the date stated in the publication, and a guarantee or deposit is sometimes required. Two conditions recur in proceedings of this kind and are worth knowing in advance: the sale usually requires court approval, and there is no undertaking to accept the highest offer or any offer at all. The specific publication for each property is what governs.

The first conversation is about understanding what has happened and what the range of options is — whether a proceeding is already open, what the timelines are, and what should be done immediately. Fees are set according to the nature and scale of the matter, and are agreed in advance and in writing before work begins. In roles to which the firm is appointed by the court, the fee is fixed by the court rather than agreed with the parties.

The firm appears in all civil instances — the magistrates' and district courts, including the economic division — and before the Commissioner for Insolvency Proceedings and Economic Rehabilitation and the execution registrars. That representation covers complex civil cases, monetary claims and interim relief, across insolvency, real estate, company law, inheritance and labour law.