Bankruptcy
Vice Media files for Chapter 11 to facilitate sale to Soros, consortium
Vice Media Group listed both assets and liabilities in the range of $500 million to $1 billion ahead of a sale to a consortium, including George Soros's hedge fund.
SVB Financial seeks bankruptcy protection for reorganization
FTX collapse: BlockFi sues a Bankman-Fried company
Turkey’s state banks withdraw from Russian payment system
Alex Jones' InfoWars files for bankruptcy in US court
Sandy Hook families in late March rejected Jones' offer to settle their defamation lawsuit and reopened the case. Jones had offered to pay $120,000 to each of the 13 plaintiffs to settle the case.
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.
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.
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 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.
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.
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
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.
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.
