Bankruptcy
A tsunami of bankruptcies threatens the global economy
The crisis in Iran has choked supply chains, and superpowers like the US, France, and Japan are bleeding. And what is happening here in Israel?
Spirit Airlines begins 'orderly' shutdown, cancels all flights
Iran declares major private bank bankrupt, transfers assets to state-owned Bank Melli
UK Post Office scandal led to 13 suspected suicides, says report setting out toll
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
The move to seek bankruptcy protection comes after the company said on March 13 it was planning to explore strategic alternatives for its businesses.
FTX collapse: BlockFi sues a Bankman-Fried company
The disgraced Jewish king of crypto Sam Bankman-Fried was not named as a defendant in BlockFi's complaint.
Turkey’s state banks withdraw from Russian payment system
US warned Turkey about possibility of sanctions over business ties to Russia
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.
