At 78, works two jobs to pay off debts - and the decision that will change everything
A 78-year-old woman, who fell into debt of about 415,000 shekels after selling her apartment to help her son struggling with gambling addiction, received an unusual arrangement in the Enforcement and Collection Authority. Registrar Korin Yitzhaki approved a plan where she will pay 2,000 shekels per month for 36 months (72,000 shekels), and subject to meeting payments, the remaining debt will be erased.
A 78-year-old woman, at an age when most of her peers have already retired, continues to work two jobs to make a living and repay debts accumulated after she sold her apartment in an attempt to help her son who struggled with gambling addiction. Her debts reached about 415,000 shekels. Enforcement and Collection Authority Registrar Korin Yitzhaki set an unusual arrangement within the community registrars framework: the debtor will pay 2,000 shekels per month for 36 months (72,000 shekels total), and subject to full compliance with payments, the remaining debt of about 343,000 shekels will be erased. The decision was made against the backdrop of her deteriorating health, lack of assets, and low income. The registrar emphasized that the community model is intended to assist vulnerable populations who struggle to navigate the formal legal system, balancing the debtor's ability with the creditors' rights.
At 78, works two jobs to pay off debts - and the decision that will change everything