On Apr. 10, ISR Justice issued draft regs on calculating expenses.
ISR Justice issued draft Insolvency and Economic Rehabilitation Regulations (provisions regarding the method of calculating living allowance and earning capacity in insolvency proceedings for an individual debtor), 5785-2025.
Proposed under Insolvency and Economic Rehabilitation Law, 5778-2018.
Framework for method of calculating living expenses and the method of calculating earning capacity in insolvency proceedings for individual debtors.
Proposed to anchor formula for calculation of periodic payment applicable to individual in insolvency proceedings, both with respect to the periodic payment in the interim period between the order to open proceedings for the economic rehabilitation order.
Proposed regulations based, inter alia, on provisions of the procedure published by the Commissioner of Insolvency and Economic Rehabilitation Proceedings in May 2020.
