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Ransomed Israelite convicted of concealed wealth with Facebook

As reported by Vesty.co.il, the Tel Aviv District Court rejected the request of the bank "Beinleumi ha-Rishon" to cancel the bankruptcy procedure of the client, who owed NIS 621 thousand, but, according to the plaintiff, continued to lead a luxurious lifestyle. At the same time as evidence of such a "luxury" was given photos from his personal Facebook page.


According to the bank, for two years preceding the petition for bankruptcy, the debtor traveled seven times abroad, going there by business class. In addition, the lawsuit was accompanied by photographs from a page in Facebook where the debtor was captured in luxury boutiques, expensive hotels and restaurants, at concerts of popular singers in Israel and abroad, in prestigious cars and even at the helm of a personal aircraft.
Having come to the conclusion that the debtor does not return the money at all because of their absence, the bank's representatives demanded to interrupt the bankruptcy procedure. In turn, the debtor accused the bank and other creditors of the fact that those who took advantage of his cramped circumstances, forced to take loans, although they knew that he could not return the money.
Judge Naftali Shilo rejected the debtor's statement that the bank acted in bad faith and used its naivety, noting that even if this is true, it in no way justifies "reckless economic behavior." Shiloh also found convincing evidence that the debtor was leading a luxurious lifestyle and continued to spend significant amounts even after he began the bankruptcy process.
At the same time, the judge appointed a six-month trial period for the debtor, during which he must prove that he "has learned his obligations in the process and conducts his economic life in a balanced manner." At the same time, the judge ordered an increase in monthly payments to repay the debt from 1500 to 3500 shekels.


03:07 17.01.2018