Debt

Money waiting for you? The year-end tax guide for employees and self-employed

As the 2026 tax year comes to an end, CPA Yoram Shifer explains where to start and how much money can be returned to your bank account.

Israeli shekel banknotes in a wallet.
An Iranian commercial aircraft lands at Mehrabad Airport in Tehran on September 25, 2026.

Iranian Airlines plane seized by Turkey over millions in unpaid debts, stranding Iranian passengers

And how is the government dealing with the debt? By taking on even more debt. U.S. President Donald Trump.

America’s black hole: The debt threatening to swallow the global economy

The US Department of the Treasury Building in Washington, DC, US, July 11, 2026.

US national debt tops $40 trillion for first time, doubled under presidents Trump, Biden


Lebanon says it will pay UN dues 'immediately' after losing voting rights

Lebanon, Venezuela, South Sudan, Equatorial Guinea, Gabon and Dominica had lost their voting rights due to dues they owe the UN.

 United Nations Secretary-General Antonio Guterres gestures as he talks with Lebanon's Prime Minister Najib Mikati in Beirut, Lebanon December 20, 2021

Israel Electric Company to spread debts without interest for 1 more day

The debts of Israel Electric Company customers jumped to half a billion shekels.

Illustrative photo of Israeli money

Tnuport distributed dividend of NIS 150m. to controlling owners of company

The owners will most probably use the dividend money to pay off debts to the banking system.

Shekels and dollars

Prosbul, Chabad and the Lubavitcher Rebbe: Legal loopholes in Judaism

Even if there was no financial need for a prosbul, there was spiritual valence to its execution because it reflected fidelity to rabbinic tradition and affiliation with the legacy of Chabad's founder

 RAMASH SUGGESTED people should ensure they have some debt owed to them, just so they will be able to write a prosbul.

US Education Department sued over Biden's student loan cancellation plan

As of June 30, 43 million borrowers held $1.6 trillion in federal student loans. About $430 billion of that debt will be canceled, the CBO estimated.

US President Joe Biden responds to a question about Ukraine during an event to announce his budget proposal for fiscal year 2023, in the State Dining Room at the White House in Washington, US, March 28, 2022.

Adena Hefets helps low-income Americans become homeowners - here's how

No. 10 on The Jerusalem Post's Top 50 Most Influential Jews of 2022: CEO of Divvy Homes, Adena Hefets.

 Adena Hefets, the CEO of Divvy Homes.

Israel's Teva pharmaceuticals company keeps selling to Russia despite sanctions

Teva CEO Kare Schultz said that despite sanctions, Teva still sells medications to Russia, because this is a humanitarian move. He also revealed that Teva donates medicines to Ukraine.

 Teva building in Kfar Saba

Circumventing biblical debt forgiveness: Who signs a prozbul?

Prozbul is a special legal arrangement disseminated by Hillel the Elder approximately 2,000 years ago. In this column, we’ll explain how this document works and who should sign it. 

 A shopper is seen using a credit card for a purchase (Illustrative)

Seeking debt relief: Is Judaism's 'prosbul' enough?

The essence of prosbul is a transfer of bonds from creditors to the court of law. The bond remains intact despite the biblical debt relief.

 SEEKING BIBLICAL debt relief.

Parashat Re’eh: Why forgive a debt?

Generosity, a kind eye, and trust in God are basic traits of the Jewish people, and we are privileged to continue this precious heritage.

 Just imagine a situation in which banks would have to forgive all debts