Bankruptcy, Receivership and Reorganization
Our firm's attorneys are frequently being appointed by both companies wishing to undergo voluntary liquidation or reorganization procedures, as well as by competent courts, at the request of debtors and security holders, wishing to enforce various arrangements or liquidation and receivership processes. Our firm has the expertise and experience through the various bankruptcy outcomes a corporation may succumb to, realizing the special care and advice needed for such procedures.
Providing our clients with all of their commercial requirements, we have the experience and knowledge to advise in case of insolvency, bankruptcy, creditor protection and/or dead lock situations in order to either re-stabilize and revive various commercial entities and corporations, or otherwise, produce the best end result possible for all parties involved in a bankruptcy process.
Among others, we have accompanied a wide variety of corporations in bankruptcy or reorganization processes, ranging from the bank institutions through leading corporations, real estate contractors and high-tech companies.
Our firm represented Elran (D.D.) Investments Ltd in the negotiations and proceedings for the approval of its creditor's arrangement, which includes the settlement of debts in an amount of NIS 160,000,000. The arrangement was recently approved by the District Court in Tel Aviv.
Adv. Joseph Benkel was appointed as a receiver on behalf of Bank Hapoalim over two real estate projects of Y. Moshkovits Constructing Company Ltd., and in the framework of his appointment, acted for the realization of one of such projects for an aggregate amount of approximately US$ 110,000,000.
Our firm represented Bank Hapoalim as a Secure Debtor of Enter Holdings Ltd. (one of the controlling shareholders of Tiv-Ta'am Holdings Ltd.) in the framework of a motion for Stay of Proceedings, with regards to Enter's debt in the aggregate amount of NIS 32,000,000.