The biggest losers in the Or City bankruptcy are the would-be homeowners

The downfall of Inbal Or’s Or City Real Estate has been a spectacle in the Israeli media, and Tel Aviv District Court judge Eitan Orenstein’s Tuesday decision to liquidate the company will certainly have negative repercussions.

Those negative repercussions, however, will fall mostly on the several hundred people who expected to have homes in the projects in coming years.

Source: http://www.jpost.com/Israel-News/The-biggest-losers-in-the-Or-City-bankruptcy-are-the-would-be-homeowners-450472

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