General · Full coverage
Court Approves Sale of Erazim College in Petah Tikva for 1.3 Million Shekels
How 3 Israeli newsrooms covered this story — translated into English and compared side by side.
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First reported by Ynet · 1 day ago
What happened
The Central District Court approved the sale of Erazim College in Petah Tikva to Tzvi Bichler for 1.3 million shekels, enabling the college to continue serving 400 students despite prior insolvency and debts of 12 million shekels.
- 01Central District Court approved Erazim College sale to Tzvi Bichler for 1.3 million shekels.
- 02Sale includes assets, equipment, website, and preserves the college's name.
- 03College serves 400 students and employs about 150 staff across three campuses.
- 04Erazim accumulated debts of approximately 12 million shekels and became insolvent.
- 05Temporary receiver Gonen Kastenbaum managed the sale as a going concern.
- 06Efforts to save the college included mergers and operational streamlining but failed.
Summary translated & synthesized from the sources below by baba. Read each original for the full report.
Full coverage · 3 outlets
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