Wednesday, August 08, 2007
About 4,000 buyers have been left without their properties
JPost.com - Ordinary folks, who have staked practically everything they own to acquire an apartment, are left high and dry due to a contracting firm's failure to live up to its end of the bargain. Despite the thick legal armor that Israeli law makes available to shield buyers, many venture into the marketplace without the securities to which they're formally entitled. This is precisely the misfortune of a sizable segment of the clientele of the Heftsiba construction company, which is now in court-ordered bankruptcy-protection to avoid seizure of its assets by creditors: About 4,000 buyers have been left without the properties they purchased from Heftsiba