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Jerusalem Builder Neta Lipschitz Faces Bankruptcy With 44 Million Shekel Debt
Jerusalem construction company Neta Lipschitz has been placed under court-ordered proceedings due to accumulating debts of approximately 44 million shekels. The company failed to pay employees for two months and has dismissed most of its workforce.
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What happened
- 01Neta Lipschitz construction company faces bankruptcy with debts of 44 million shekels.
- 02The company failed to pay employees for August and September.
- 03Most of Neta Lipschitz's workforce has been dismissed.
- 04A permanent trustee was appointed by the Jerusalem District Court.
- 05The trustee will evaluate rehabilitation or a swift sale of the company.
A permanent trustee has been appointed to assess rehabilitation possibilities or a swift sale, with employees' legal representatives seeking prompt payment of dues.
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