Debt Settlement
Found 3 recent publications
"Green light" for settlement: Court appoints manager for Papaya Gaming and freezes proceedings
The Tel Aviv District Court has appointed Adv. Gil Oren as the settlement manager for Papaya Gaming and granted a temporary stay of proceedings. The judge emphasized that the debt settlement plan for the $718 million liability must include owner contributions and potential investor involvement.
District Court: Papaya Gaming's proposed debt settlement must be improved
With a $719 million compensation hanging over the company, Judge Iris Lushi-Abudi granted Papaya Gaming's request to appoint a special manager, but ordered the debt settlement to be improved. The judge also sent a message to the plaintiff, Skillz, noting that it cannot categorically oppose any settlement, and announced that she expects to issue a 45-day stay of proceedings, subject to Skillz's...
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.