Debt
Found 42 recent publications
Infrastructure Firm Y.K.R. Brashi Files for Insolvency Over 27.8M NIS Debt
Infrastructure firm Y.K.R. Brashi has filed for insolvency at the Central District Court over 27.8 million NIS in debts, citing fallout from the COVID-19 pandemic and ongoing war.
78-Year-Old Working Two Jobs Receives Massive Debt Reduction in Israel
A 78-year-old Israeli woman working two jobs to pay off debts incurred by helping her addicted son had her liabilities slashed from 415,000 shekels to 72,000 shekels by a community enforcement registrar.
U.S. Household Debt Delinquencies Reach Highest Levels Since 2010, Fed Survey Shows
A new Federal Reserve survey shows American household debt delinquency rates jumped to nearly 20% by the end of 2025, reaching the highest levels since 2010 amid high inflation.
Paul Krugman Warns France Risks Becoming Too Big to Save Amid Debt Crisis
Nobel laureate Paul Krugman warns that France is facing a severe debt crisis and rising bond yields, potentially becoming too big to bail out for the European Central Bank.
Arieli Group Extends Debt Repayment Deadline to Ease Elron Holdings Crisis
Elron Ventures' controlling shareholder, Arieli Group, has reduced its debt to Phoenix Investment House and extended its repayment deadline to October 2026, easing fears of a forced share sale.
Jerusalem Construction Firm Neta Lipshitz Files for Economic Rehabilitation
Jerusalem-based construction firm Neta Lipshitz has filed for economic rehabilitation and a temporary trustee after accumulating over 60 million NIS in debts, citing severe impacts from the Iron Swords war.
Jerusalem Builder Neta Lipshitz Seeks Financial Restructuring Over 60M Debt
Veteran Jerusalem construction firm Neta Lipshitz has filed for financial restructuring and a temporary trustee amid debts exceeding 60 million shekels, citing severe fallout from the Iron Swords war.
Luxury Car Importer Buy & Drive Files for Stay of Proceedings Over NIS 97M Debt
Luxury car trader Buy & Drive has applied for a stay of proceedings over debts of 97 million shekels, highlighting the severe toll of high interest rates and the war on Israel's automotive sector.
Tel Aviv Court Appoints Temporary Trustee for OpenWeb Amid Debt Crisis
The Tel Aviv District Court appointed a temporary trustee for OpenWeb after liabilities hit 177.5 million shekels. The tech firm faced collapsing revenues, a dispute with Microsoft, and a failed debt arrangement.
Israeli Non-Housing Consumer Credit Surges to 260 Billion Shekels in Q2 2026
Bank of Israel data shows Israeli consumer credit surged by 3.6% in the second quarter of 2026, reaching 260 billion shekels as borrowing accelerated across banks, credit cards, and institutional lenders.
UK 30-Year Bond Yields Cross Historic 6% Threshold Amid Economic Pressures
UK 30-year government bond yields surged past the historic 6% threshold, threatening the British economy, as foreign investors offload debt amid persistent inflation and fiscal concerns.
Vitania Faces Midroog Credit Review Over Ness Ziona Deal With Benny Landa
Vitania's planned acquisition of Benny Landa's stake in a Ness Ziona project faces a negative credit rating review by Midroog due to mounting debt and tax liabilities, despite securing a major lease agreement with Elbit Systems.
Luxury Car Agency Buy & Drive Receives 45-Day Stay Over 97 Million Shekel Debt
The Central District Court in Lod granted a 45-day stay of proceedings for luxury car agency Buy & Drive amid a 97 million shekel debt crisis, aiming to salvage a real estate sale in Netanya.
Oldest California Family Winery Files For Chapter 11 Bankruptcy
California's oldest family winery, Gundlach Bundschu, has filed for Chapter 11 bankruptcy with nearly $40 million in debt, citing post-pandemic industry struggles.
Fried Chicken Chain Yardbird Files for Chapter 11 Bankruptcy Protection
American fried chicken chain Yardbird filed for Chapter 11 bankruptcy with $25 million in debt, closing several locations while keeping remaining restaurants open during restructuring.
Bravo! Italian Kitchen Closes Knoxville Branch Amid Chapter 11 Bankruptcy
Bravo! Italian Kitchen closed its Knoxville branch following its parent company's Chapter 11 bankruptcy filing, revealing over $50 million in liabilities and unpaid debts.
Israeli Luxury Car Agency Buy And Drive Files for Debt Settlement Amid 97M NIS Deficit
Buy And Drive Holdings, a veteran Israeli luxury car agency, has filed for a stay of proceedings after accumulating 97 million NIS in debts amid severe economic shocks.
Haifa Court Approves Rehabilitation Plan for A.M.C. Shemesh Amid 1.25B Debt
Haifa District Court approved a rehabilitation plan for infrastructure firm A.M.C. Shemesh despite 1.25 billion shekels in debt claims, prioritizing key public transit projects over liquidation.
Debtor Must Surrender Part of 320,000-Shekel Inheritance to Creditors
A Tel Aviv enforcement registrar ruled that an elderly woman who received a debt discharge must surrender part of her 320,000-shekel inheritance to creditors, while keeping the majority.
Jerusalem Court Grants Rare Debt Relief to Widowed Mother of Four
A Jerusalem court granted a rare financial rehabilitation to a 65-year-old widow with 1 million NIS in debts, allowing her to clear them for 21,600 NIS while keeping her savings.
London's Dorchester Hotel Wins Court Approval to Sell Qatari Royal's Car Over Unpaid Bill
London's Dorchester hotel received court approval to sell a Qatari royal's car to help cover an unpaid 458,000 pound bill for luxury accommodations.
US Treasury Announces $6 Billion Bond Buyback as Yields Hit Multi-Year Highs
The US Treasury announced a $6 billion bond buyback to support market liquidity and curb soaring yields, which hit 4.85% as investors sold off debt amid inflation and debt concerns.
Creditor arrangement or insolvency: ways to get out of debt
Both paths are designed to deal with obligations that cannot be paid as scheduled. A lawyer explains when it is worth reaching an arrangement and when an insolvency proceeding might be more appropriate.
They hid a secret safe at Bank Leumi: and made a mistake that cost them millions
A couple who fell into heavy debt managed to hide a treasure of jewelry and diamonds from creditors, but a bitter dispute with the wrong person led to the exposure of the safe and the loss of all the valuable contents.
Is the author of 'Rich Dad Poor Dad' in debt for billions? This is the truth
The author of the world's most famous finance book caused a stir when he claimed he held an astronomical debt of billions of shekels. Now it turns out: his personal debt is much smaller, it is a PR stunt - and the strategy behind the crazy number is revealed | All the details
Nayax to Raise Debt and Makes Largest Acquisition in Its History
A major fintech deal: Nayax is acquiring smart parking company IPS Group for $350 million in cash. The transaction, partially financed through a $150 million debt raise, will expand Nayax's potential market by $85 billion. CEO Yair Nechmad: "We will offer cities a unified platform."
Two checks of 400 shekels turned into a debt of 13 thousand - until the registrar intervened
The debtor claimed that the debt was paid back in 2003 and that the creditor had been "sleeping on their rights" for almost a decade before initiating the procedure. The registrar at the Haifa Execution Office rejected the repayment claim but significantly reduced the interest on arrears in both cases.
Katzman found a way to reduce G City's debt: transfer it to the shareholders
G City CEO Chaim Katzman plans to spin off assets into a new subsidiary, 'Naga Commercial Properties,' distributing shares to existing investors. While intended to reduce debt, market analysts warn of significant risks and high leverage.
Crisis at Ion: Failed to pay rent, employees locked out of offices
The financial technology and data group Ion, owned by billionaire Andrea Pignataro, has missed rent payments for offices across three continents. Landlords have restricted employee access to premises due to outstanding debts.
Drama at the Execution Office: Ex-wife's attempt to arrest ex-husband leads to loss of 1.9 million NIS
A divorced woman sought an arrest warrant against her ex-husband for a 1.9 million NIS child support debt, but the execution registrar ruled the debt was actually a disguised business obligation and ordered it discharged.
Due to a financial debt, a lawyer sent people to threaten a client: "They are about to strangle you"
According to the indictment, the lawyer lent the complainant about 50,000 shekels that were not repaid. In response, the lawyer sent a series of threatening messages. Among other things, he sent two people to the complainant's house: "Within an hour, there will be guys at your house." The two did arrive and knocked on the door while the complainant was at home with his nine-year-old son.
Veteran transport company seeks buyer: 31 million shekel debt
The transport company "VIP Lux Travel" has applied to the court for a temporary stay of proceedings to negotiate with creditors, while simultaneously seeking a potential buyer, due to debts of 31 million shekels.
The Dream of Yokneam's First Hotel Ends in 50 Million Shekel Debt
Nvidia's expansion in northern Israel has renewed interest in building a hotel in Yokneam. However, a previous attempt by developer Li Marshall to build a hotel complex failed, leaving the company with 50 million shekels in debt.
Satellite Giant Hughes Network Systems Faces Impending Bankruptcy
Satellite company Hughes Network Systems, an EchoStar subsidiary, is preparing to file for bankruptcy. The move follows a massive $1.5 billion debt repayment deadline due on August 1.
Guy Meroz helped military personnel in debt and admitted: "I am collapsing"
Guy Meroz revealed he has been assisting reservists and career soldiers struggling with war-related debt, but he is now overwhelmed by the volume of requests and is seeking help to manage the initiative.
Major company faces economic collapse: fuel price spikes and massive debt
A prominent US company specializing in storm-resistant windows and doors has filed for bankruptcy protection. Despite rising costs and debts totaling tens of millions of dollars, the company clarifies: "Offices are not closing, operations will continue."
Internal audit at Cohan Properties revealed: Controlling shareholder still owes the company $3.8 million
An internal audit at Cohan Properties revealed that CEO Mike Cohan used millions of dollars in company funds for private assets. Despite claims of repayment, the outstanding debt stands at approximately $3.8 million as of July 29.
Most don't know: High interest on credit cards and how to save
Credit cards are often seen as a tool for expense control, but the "fixed charge" feature hides an expensive revolving credit. Here is why installments and deferred payments are economically disadvantageous.
Drama at the Execution Office: Widow’s debt balloons to 127,000 shekels
A 74-year-old widow paid over 56,000 shekels toward an original 18,000-shekel debt, only to see it rise to 127,000 shekels. The Execution Office registrar has now ordered the debt to be wiped clean.
Not every debt leads to bankruptcy: Is it possible to save a business in distress and how does it relate to debt settlement?
Not every debt leads to bankruptcy. Learn whether it is possible to save a business in distress and how the debt settlement process works.
Trustee petitioned to cancel insolvency. Judge: "You exceeded your authority"
The trustee attributed fraudulent actions to the debtor, but the court clarified that an "in-depth investigation" into the circumstances of the debt's creation must be done only with its approval. The decision: The woman won economic rehabilitation.
Better than Switzerland, less than South Africa: The index where Israel stands out
After ranking first in the world for financial assets and 18th in average wealth, a UBS report reveals another parameter where Israel stands out. What is this interesting index, and why is a high number here not necessarily good news?