Debt collection and litigation in Israel
Creditors often need help in recovering debts from the individual
or private clients. collecting debt in Israel is not a simple process. One has
to use many mechanisms to pressurize clients/individuals into giving their
debts. Sometimes, a phone call with a debtor, alongside your debt collection
and litigation lawyer can produce positive results. Other times, you have
to take the matter to an Israeli court. Regardless of the situation, there are
some things you should know about debt collection and litigation in Israel.
Debt collection in Israel- consulting a debt collection attorney
The most common reason for debt creation in Israel is a
check that was not released or honored by an Israeli bank. Israel residents use
checks daily.
As far as the laws are concerned, checks are equivalent to
cash in every country. However, Israel banks often return checks due to a variety
of reasons. Some of the reasons are:
·
The issuer instructed to
cancel the check
·
No sufficient balance in
the bank account
However, any check honored can be easily presented for debt
collection to LECA (Israel Law Enforcement and Collection Authority).
Sometimes, you possess a document that can lead you to retrieve
a debt with the help of a debt collection and litigation attorney. While
one such document is a receipt, the other is a promissory note.
Otherwise, any document that indicates a specific amount of
money that has to be paid can serve as a legal note. However, all the legal
documents indicate a debt must have a precise amount of money that has to be
paid. Moreover, the terms and conditions should be laid out in the document.
Otherwise, it becomes hard for the debt collection lawyer to proceed.
If you possess any document indicating debt, you can
initiate legal proceedings through LECA, with the help of a debt collection
attorney.
Although, you might be on the winning side and think of it
as a small matter where you would get your money immediately that’s not the
case. Even after losing the lawsuit, the debtor might avoid paying back the
debt. If this is the case, then you must leave the legal decision in the hands
of LECA. Under any circumstances, retrieving money becomes their
responsibility.
Retrieval of debts through telephone calls
Debts can also be retrieved through a simple phone call
between the debtor and the retriever with the help of a debt attorney. Whether
the debt is in the form of a promissory note, a check, or any other legal
document, that has not had a court verdict, the initial step is to talk to a
debtor through a call.
Most of the debts are settled through a phone call and the
chances are rather high. However, this does not mean that the mortgagor will
immediately return the owed amount.
A debt collection lawyer can arrive at a mutual
agreement with the debtor and the retriever regarding the procedure. These decisions
are finalized through writing. If the agreement, is somehow violated, then the
retriever is free to report the case to LECA where the debtor has to face the
legal consequences.
Communication with debtor through debt collection and litigation lawyers
To resolve the situation without reporting to LECA, the debtor
is given a warning letter by the retriever’s debt lawyer. An experienced
debt collection lawyer works on your behalf, ask the debtor to return the
debt quickly- before the retriever files a lawsuit.
If the debtor is hesitant in not giving back the money owed,
you should consult the best debt collection attorney in Israel and
proceed legally.
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