Knowledge Center

The warning notice sets a period for taking action. During that period the options can be considered: payment, an arrangement, or in some cases filing a request or an objection. Seeking legal advice as early as possible is recommended.

In certain cases. Depending on the type of attachment and the circumstances of the file, an application can be made to the Enforcement Registrar to cancel or reduce it. Some funds and assets are protected from attachment by law, including part of a salary and certain benefits. Each application is assessed on its merits.

Not necessarily. The proceedings are intended for those who cannot meet their debts, and they involve conditions and consequences. The situation and the possible alternatives are reviewed at the meeting.

A discharge releases the debtor from the debts included in the proceedings. It is granted at the end of the proceedings when the conditions set by law are met, including compliance with the payments and duties imposed on the debtor during the proceedings. Certain debts are excluded from a discharge by law.

A demand letter sets out the claim and its basis, and allows the other party to pay or respond before a claim is filed. It also documents the demand and the date it was sent, and it sometimes allows the matter to be resolved without legal proceedings.

The Prescription Law, 5718-1958, sets a period within which a claim can be filed. A claim filed after that period may be dismissed if the defendant raises prescription. The length of the period, and the date from which it runs, depend on the type of claim and its circumstances, so this should be checked before a claim is filed or at the start of a defense.