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Temporary Liquidator Seeks Court Approval to Sell Erazim College for NIS 1.3 Million

How 2 Israeli newsrooms covered this story — translated into English and compared side by side.

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First reported by Ynet · 3 hours ago

What happened

The temporary liquidator of Erazim College has requested court approval to sell the college's assets to Tzvi Yehuda Bichler for 1.3 million shekels, aiming to preserve academic continuity and employment amid financial insolvency. The sale includes both tangible and intangible assets, with payment spread over two years, and awaits court approval scheduled for Monday.

01Erazim College's temporary liquidator seeks court approval to sell assets for NIS 1.3 million.
02Buyer Tzvi Yehuda Bichler leads a similar complementary medicine college with extensive experience.
03Sale aims to maintain academic continuity for 400 students and preserve 150 staff jobs.
04College filed for liquidation in May due to debts of about NIS 12.7 million.
05Payment includes NIS 500,000 upfront and NIS 800,000 over 24 installments in two years.
06College building is excluded from sale; buyer must arrange lease separately.

Summary translated & synthesized from the sources below by baba. Read each original for the full report.

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