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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
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.

26/04/2020

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

National Museum of American Jewish History files for bankruptcy

Despite the bankruptcy protection filing, the museum will continue to operate as normal, and while there will be reorganization, there will not be any layoffs.

03/03/2020
Barneys New York sign is seen in a display window outside the luxury department store

Barney’s stores to be sold off in pieces after nearly century in business

Barney Pressman, whose father owned a clothing store, opened his first department store in Manhattan in 1923.

By MARCY OSTER/JTA
05/11/2019

Mideast tourism hit by collapse of British holiday firm, UAE unaffected

Worldwide about 600,000 tourists have been stranded by the collapse.

By ARAB NEWS/TNS , KHALEEJ TIMES/TNS
24/09/2019

OxyContin maker Purdue Pharma files for bankruptcy protection

Purdue's board met Sunday evening to approve the long-expected bankruptcy filing, which the company is pursuing to restructure under terms of a proposal to settle the widespread litigation.

By REUTERS
16/09/2019
The Constitution, Law and Justice Committee approves a bill.

Knesset panel advances revolutionary bankruptcy legislation

Bill emphasizes overall economic gains over liquidation and punishing debtors.

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