Parisien schreef op 22 november 2018 08:59:
Fallen tycoon Joseph Greenfeld reaches debt agreement
After lengthy negotiations, Joseph Greenfeld, one of the controlling shareholders of the Kardan Group, reached a deal on Sunday that spares him being declared bankrupt but leaves his four bank creditors taking a big haircut on the 340 million shekels ($92 million) he owes them. Under the deal he reached with attorney Ofer Shapira, who is acting as special administrator of his assets, Greenfeld will repay 20 million shekels immediately from a loan he has taken from the Eini family. He also has to sell over his luxury Tel Aviv apartment to one of the banks, Union, within 42 months and turn over half the proceeds to creditors (the other half belongs to Greenfeld’s wife). He will also repay 30,000 shekels of debt a month over the next five years and turn over shares in Kardan NV to creditors. Banking sources said the debt agreement would yield them more money than having Greenfeld declared bankrupt.