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Full coverage· Economy· Updated

Judge Orders Debtor to Pay Indefinitely After Doubting His Income Claims

A Jerusalem court ordered a 27-year-old man with NIS 500,000 in debt to pay NIS 2,000 monthly indefinitely after doubting his income claims. Judge Ofer Yuval ruled the debtor is not maximizing his earning potential and ordered a review in one year.

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What happened

  1. 01A 27-year-old debtor was ordered to pay NIS 2,000 monthly indefinitely by a Jerusalem court.
  2. 02The judge doubted the debtor's claim of earning only NIS 6,000 per month.
  3. 03The debtor previously ran a company with millions in revenue but now faces NIS 500,000 in debt.
  4. 04The court will review the debtor's conduct and financial situation again in one year.
  5. 05An insolvency expert described the ruling as a "warning sign" for uncooperative debtors.

An insolvency expert called the decision a "warning sign" for uncooperative debtors. The ruling is unusual as it sets no end date for payments.

Translated and summarized by baba from N12, the latest report. Read N12’s original

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Who covered it

Coverage from N12 More reports may be added as coverage is matched.