The Long Road to Bankruptcy: Could Nochi Dankner Have Saved NIS 100 Million?
For a decade, Dankner sought to avoid being declared bankrupt, but he did not uphold the arrangement with his creditors • A new insolvency law enacted since may allow him to exit this status quickly…
Assessment
This piece examines whether Nohi Dankner could have saved significant family funds by entering bankruptcy proceedings earlier, rather than spending a decade trying to avoid that status. The new insolvency law, passed since his troubles began, might now allow him a faster exit from bankruptcy. The core question is whether delayed legal strategy cost him more than acting sooner would have.