The Good Life of an Israeli Tycoon Mired in Debt

Nochi Dankner has a large home in a swanky neighborhood, a killer car and a private jet – and he’s insolvent.

When it comes to his businesses, Nochi Dankner doesn't have it easy. Bondholders are pressuring him, creditors are closing in, long-time partners such as the Livnat family and Avi Fischer are abandoning him, high-ranking managers are leaving and commenters on finance websites are skewering him. This is all rather unpleasant.