The Insolvency Department of Cohen Wilchek specializes in the successful handling of complex and large-scale insolvency cases. It is considered an expert authority on dealing with companies and statutory corporations experiencing difficulties, helping non-profit associations through a recovery process, rehabilitating local authorities on the verge of collapse, and advising directors on intricate bankruptcy issues, while also advising creditors and maximizing the consideration to which they are entitled. The Department’s partners are frequently appointed as receivers in large-scale corporate insolvency cases, which on occasion necessitates running the corporation as a going concern.

The Department handles all matters related to insolvency, from providing advice in crisis situations, through the management of insolvency proceedings, to debt arrangements and the sale of activities. In addition, the Department deals with the actualization of assets and liabilities for financial entities that back real estate transactions, including by way of completing complex construction projects.

The Department also advised the Knesset Constitution, Law & Justice Committee through the enactment of the Insolvency & Economic Rehabilitation Law, 2018, as a representative of LAHAV, the Israel Chamber of Independent Organizations and Businesses. Furthermore, during 2021, it advised on the legislative amendments to the Insolvency Law required by the COVID-19 pandemic.

The Insolvency Department is headed by the firm’s founder and managing partner, Avner Cohen, who has more than 20 years of experience in this complex field.

Through a combination of professional management capabilities, creative commercial solutions, and impartial conduct toward all parties involved in insolvency proceedings, the department’s partners, led by Adv. Cohen, have successfully rehabilitated companies and organizations, realized assets, and increased the creditor repayment rate. Adv. Cohen’s professional reputation has led to his being appointed as an investigator in many high-profile cases, such as the collapse of the Clubmarket chain, the collapse of Hamashbir Lazarchan, the rehabilitation of the Ramat Itari Association, and more.

Thanks to the diligent work of the Insolvency Department, Cohen, Wilchek & Co. is regularly ranked among the leading national firms for this field.