Debt Collection
What resets the statute of limitations on an Israeli debt?
Under Section 9 of the Limitation Law, a written acknowledgment of the debt by the debtor restarts the full 7-year period from the date of acknowledgment. A partial payment has exactly the same effect. Filing a lawsuit suspends the limitation period until the case concludes. Foreign debtors should be careful about responding to creditor demands in writing, since even a partial admission can reset the clock entirely.
From the full guide: Statute of Limitations on Debt in Israel: What Creditors and Debtors Must Know
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Get a Free Consultation with Adv. Eli ShimonyPrepared under the direction of Adv. Eli Shimony, Eli Shimony Law Office · Editorial policy
Get a Free Consultation with Adv. Eli ShimonyPrepared under the direction of Adv. Eli Shimony, Eli Shimony Law Office · Editorial policy