Israel saw 38% increase in bankruptcy filings in 2020
It is clear that people whose salary is about NIS 6,000 to NIS 7,000 per month cannot repay loans of hundreds of thousands of shekels, the repayment of which is thousands of shekels a month.
Illustrative photo of Israeli money(photo credit: MARC ISRAEL SELLEM)ByJERUSALEM POST STAFF