Debt Settlement
Found 5 recent publications
Ze Sushi Group Files for Debt Recovery Plan Amid 19 Million Shekel Debt
Tel Aviv's veteran Ze Sushi restaurant group has filed for a stay of proceedings with 19 million shekels in debt, while its two locations and delivery services continue operating as usual.
Paloma Dead Sea Seeks Haifa Court Approval for 16 Million NIS Debt Settlement
Israeli cosmetics firm Paloma Dead Sea has applied for a debt settlement of 16 million NIS amid cash-flow issues caused by the pandemic, war, and export challenges.
"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.