Debt Collection

Can I enforce an Israeli promissory note without going to court?

Yes. Under the Bills of Exchange Ordinance (New Version) 5717-1957 and the Execution Law 5727-1967, a holder of a valid Israeli promissory note can open an enforcement file directly at the Execution Office without first obtaining a court judgment. The Execution Office treats the note as equivalent to a judgment debt once the file is opened. Enforcement can begin within days of the debtor's default, and bank account seizures typically follow within 30 to 45 days of filing.

From the full guide: Promissory Notes in Israel: Legal Rights for Creditors and Debtors


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