We met with Asia Loiferman Kogan – Paamonim’s Economic Recovery Coordinator for debtors facing Insolvency to learn a little more about Paamonims ability to contribute to this subject matter.

“Can you please share a little about the chapter that refers to economic recovery, and what it means for those facing insolvency proceedings?”

Asia: “This is a move that includes professionals from various disciplines, legal, economic and social, who came together in favor of the debtors’ recovery response. The recovery chapter is designed to ensure two key goals:

Firstly, to create a situation where more debtors successfully complete the insolvency proceedings.

Secondly to give debtors the tools for financial management and help them avoid returning to the cycle of debt”

Under the economic recovery system, financial management workshops are held as a pilot scheme for individual bankruptcies, as well as professional training for the counselors directing them throughout the process”

You mentioned three channels of influence, can you please explain how the organizational work is reflected?”

Asia: “As part of my role with Paamonim, I coordinate the pilot designed to provide an individual response to debtors facing insolvency proceedings. As such I personally accompany debtors referred to Paamonim from Legal Aid, from the Insolvency Commissioner and the Enforcement and Collection Authority. We assist with knowing and exercising their rights, improving employment, mediating the insolvency process and connecting to various community factors to ensure successful conclusion of the process”

In addition, we lead a proficient training scheme for the many professionals involved in the process with the understanding that debtor recovery requires a holistic view of the debtor, of the influencing factors, the leading causes of debt, the supportive network required to succeed in the process and a deeper understanding of poverty (based on the poverty awareness approach established by Prof. Michal Kromer Nevo of the Ben Gurion University). Training attendees also include Enforcement and Collection Authority staff, Legal aid lawyers, officials of the execution and going forward will also include trustees and relevant judges involved in the procedures”.

“Beyond the two projects under your responsibility, how do you see the role of Paamonim, as an organization in the presence of leading factors dealing with this critical subject matter?”

Asia: “Fortunately, the main players responsible for heading up this transformation (Ministry of Justice – Commissioner for Insolvency, Enforcement and Collection Authority and JDC Ashalim) consider Paamonim an expert in the field of recovery and economic management, and thanks to this we conduct critical planning and thought provoking sessions across a broader array of economic recovery procedures”.

As an illustration of this Paamonim’s knowledge and learning team recently accompanied the Ministry of Justice and JDC Ashalim to enhance workshops for debtors, likewise even before the enforcement of the law, the Ministry of Justice utilized Paamonim’s knowledge to formulate a recovery chapter.

“Sounds like a true revolution! Do you have any personal aspirations on this matter?”

Asia:” I most certainly do! I strongly believe that in a few years from now debtors will be referred to appropriate recovery services at the very start of the process, and consequently that the entire procedure will be managed in a holistic manner, and not just via calculation of minimum living expenses and debt service for creditors”.

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