Bankruptcy

Fashion chains Onot and Jump file urgent application for stay of proceedings

The companies request to operate the 33 remaining stores for 60 days in order to urgently locate a buyer and save the jobs of about 100 employees.

|ByURI SELA, LIAT RON
Opening of Ofer Mall in Petah Tikva, November 22, 2020
(Illustrative) Israeli youth from frontline communities take a break at an American summer camp.

How New York’s ‘summer camp kings’ left Israeli investors burned

Simad Holdings Simad leapfrogged over a long series of watchdogs without difficulty and won the confidence of some of Israel's biggest investment managers.

|ByNETANEL ARIEL/GLOBES/TNS , EITAN GERSTENFELD/GLOBES/TNS
The sharpest increases in bankruptcy are expected to be recorded in the US and France: Trump and Macron

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?

|ByLIAT RON
A Spirit Airlines Airbus A320 lands at Hollywood Burbank Airport on April 17, 2026.

Spirit Airlines begins 'orderly' shutdown, cancels all flights

The collapse of Spirit, a company that helped keep fares lower in markets where it competed with major carriers, will result in thousands of job losses.

|ByREUTERS

Knesset panel advances revolutionary bankruptcy legislation

Bill emphasizes overall economic gains over liquidation and punishing debtors.

FEBRUARY 7, 2018ByYONAH JEREMY BOB
The Constitution, Law and Justice Committee approves a bill.

The Travel Adviser: When an airline goes bankrupt

When an airline says they’re running out of money or the controlling interest cuts off the pipeline, wise consumers had best be prepared.

SEPTEMBER 11, 2017ByMARK FELDMAN
An American Airlines plane in flight