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Insolvency and Financial Rehabilitation

Writer's picture: חיים ינקוביץחיים ינקוביץ

Bankruptcy and Financial Rehabilitation – "It's Not the End of the World, It's Your New Beginning"In the modern era, anyone can find themselves in a state of bankruptcy – whether due to job loss, unexpected expenses, or accumulated loans. The Bankruptcy and Financial Rehabilitation Law, 2018, was enacted specifically to offer a fair solution to those who find themselves in a difficult financial situation and don't know how to get out of it. This is where we, at the law firm "Haim Yankovich," come in.

Who is Eligible for Financial Rehabilitation?The Bankruptcy Law provides protection and financial rehabilitation for individuals with debts they cannot repay. It is a process designed to allow debtors to start anew without heavy debts, while preserving their dignity and ensuring their reintegration into the workforce. The law allows for debt forgiveness, subject to certain conditions and a repayment period, which helps them move toward a financially balanced and healthy life.

Key Points of the LawThe Bankruptcy Law focuses on rehabilitating the debtor, not on punishment. In other words, the state seeks to help debtors get out of their financial crisis, not leave them trapped in their debts. Important court rulings in this area emphasize this approach: a prominent example is the ruling "Civil Appeal 487/15," where it was ruled that the financial rehabilitation of debtors should be prioritized over aggressive debt collection from creditors. This is an opportunity to prove that anyone can emerge from financial crisis and get a second chance.

How Can We Help You?At our firm, we specialize in the financial rehabilitation process – proper management of bankruptcy cases, arranging debts with creditors, and building a realistic repayment plan tailored to the client's needs. With over 23 years of experience in hundreds of cases, we know all the nuances of the law and will stand by you all the way to your new beginning.

Proven Results


With the right representation in bankruptcy proceedings, we have successfully helped dozens of private clients return to stable financial lives, with debts restructured sensibly and immediate release from financial pressure. Our data shows that about 90% of clients who received professional representation from our firm successfully completed the process, with convenient payment plans and rapid financial recovery.


If you feel there’s no way out of your debts – "It’s not the end, it’s time to start over!"


Schedule an appointment today, and we will accompany you every step of the way

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