bankruptcy

bankruptcy

Israel saw 38% increase in bankruptcy filings in 2020

It is clear that people whose salary is about NIS 6,000 to NIS 7,000 per month cannot repay loans of hundreds of thousands of shekels, the repayment of which is thousands of shekels a month.

Conserving your cash: More tips

“You can make a very good meal from an egg,” a friend told me, a comment that has stayed with me to this day.

The Bank of Israel building is seen in Jerusalem June 16, 2020.

Israel central bank to hold key rate despite strong shekel - Reuters poll

The Bank of Israel foresees growth of 1% to 6.5% in 2021.

By REUTERS
29/11/2020
El Al plane

El Al reveals Q3 figures: $147m losses, $125m deficit, no progress on state loan

The Israeli airline reports a drop of 94% in earnings since July • future of air travel remains uncertain, Norwegian Air Shuttle ASA files for bankruptcy

hertz

Hertz files for US bankruptcy protection as car rentals evaporate

With nearly $19 billion of debt and roughly 38,000 employees worldwide as of the end of 2019, Hertz is among the largest companies to be undone by the pandemic.

By REUTERS
23/05/2020

J.C. Penney to file for bankruptcy as soon as next week

A bankruptcy filing would cap a long decline for the iconic 118-year-old department store chain, which struggled with a nearly $4-billion debt load.

By REUTERS
08/05/2020
Police shut down a Tel Aviv tent protest by self-employed workers about unfair conditions.

Tel Aviv police shut down tent protest by self-employed workers

The protest was put up throughout the weekend by the employees whose businesses collapsed financially because of the coronavirus restrictions.

Top ex-gov’t bankruptcy official tells Jpost how to save the economy

A combination of government support, encouraging negotiated solutions to financial dead-ends and pushing Israel’s bankruptcy laws closer to the US model may all be needed

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