Debt

NIS 75M on the way to our pockets: The offset that will affect electricity bills

A court victory for Noga: It will be allowed to immediately offset NIS 75M from PSP due to the shutdown of a pumped-storage facility. The good news: The money will go straight to the consumers.

Electricity poles
Governor of the Bank of Israel Amir Yaron speaks during a press conference at the Bank of Israel offices in Jerusalem, on January 2, 2022.

Next Israel government must halt rise in debt burden, central bank chief says

 Several haredim (ultra-Orthodox Jews) are seen walking around Jerusalem's Geula neighborhood.

The cost of Jewish life is pushing families into debt - opinion

“Consolidation can create a healthier financial foundation.”

Business debt consolidation loans: Features and benefits


US Education Department sued over Biden's student loan cancellation plan

As of June 30, 43 million borrowers held $1.6 trillion in federal student loans. About $430 billion of that debt will be canceled, the CBO estimated.

US President Joe Biden responds to a question about Ukraine during an event to announce his budget proposal for fiscal year 2023, in the State Dining Room at the White House in Washington, US, March 28, 2022.

Adena Hefets helps low-income Americans become homeowners - here's how

No. 10 on The Jerusalem Post's Top 50 Most Influential Jews of 2022: CEO of Divvy Homes, Adena Hefets.

 Adena Hefets, the CEO of Divvy Homes.

Israel's Teva pharmaceuticals company keeps selling to Russia despite sanctions

Teva CEO Kare Schultz said that despite sanctions, Teva still sells medications to Russia, because this is a humanitarian move. He also revealed that Teva donates medicines to Ukraine.

 Teva building in Kfar Saba

Circumventing biblical debt forgiveness: Who signs a prozbul?

Prozbul is a special legal arrangement disseminated by Hillel the Elder approximately 2,000 years ago. In this column, we’ll explain how this document works and who should sign it. 

 A shopper is seen using a credit card for a purchase (Illustrative)

Seeking debt relief: Is Judaism's 'prosbul' enough?

The essence of prosbul is a transfer of bonds from creditors to the court of law. The bond remains intact despite the biblical debt relief.

 SEEKING BIBLICAL debt relief.

Parashat Re’eh: Why forgive a debt?

Generosity, a kind eye, and trust in God are basic traits of the Jewish people, and we are privileged to continue this precious heritage.

 Just imagine a situation in which banks would have to forgive all debts

Russia slips into historic default as sanctions muddy next steps

The route to this point has been far from normal, as Russia has the resources to pay its bills — and tried to do so — but was blocked by the sanctions.

 Russian Finance Minister Anton Siluanov attends a session of the Saint Petersburg International Economic Forum (SPIEF) in Saint Petersburg on June 16, 2022.

Russia nearing first foreign default in over a century

If investors won't receive their payments by the Sunday night deadline, there will be an “event of default” on Monday morning, according to the bond documents.

 Russian President Vladimir Putin attends a meeting of the executive board of the General Procurator's Office in Moscow, Russia April 25, 2022.

Mekorot completes raising of NIS 1.2 billion in debt offering

 Mekorot CEO Amit Lang

Insolvency in Israel rises in last two months by 30%

“Unlike previous coronavirus waves, small businesses are not receiving immediate assistance from the government and do not have the financial oxygen to wait another two months to receive assistance.”

Illustrative photo of Israeli money