Client updates / Voluntary Liquidation

Step-by-Step of Voluntary Liquidation in Israel

29 May 2024 / Uri Hillel

In Israel, voluntary liquidation is an orderly procedure that begins with the preparation and submission of a solvency statement by a company’s directors. This is followed by the shareholders’ approval of the liquidation, delivery of notices to the company’s creditors and the Registrar of Companies, and finally the company’s liquidation. It is crucial to conduct the procedure in an orderly manner to avoid exposures, fines, and debts.

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Client updates / Voluntary Liquidation