A Jerusalem college of higher education was issued a temporary order protecting it from its creditors on Thursday, but the order will be in effect only until Tuesday.
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The district court judge appointed court trustees, who he ordered to present a preliminary report by Monday, along with a recommendation regarding how to proceed.
The Lander Institute, a Jerusalem college of higher education with a student body of about 1,200, as well as a large number of other students attending on a more informal basis, filed a request for protection about a week ago, amid a 22.5 million shekel ($6.45 million) mountain of debt.
As Thursday’s hearing was taking place, students whose academic future is now uncertain demonstrated outside, but most of the school’s courses are being held as usual, the school said.
According to the school’s website, its offerings include a range of vocational, liberal arts and enrichment programming in English. The Lander Institute also has a large number of ultra-Orthodox students and a special ultra-Orthodox campus.
The Council for Higher Education said it is working to minimize any harm to the students due to the school’s financial problems, but added that it’s a private institution that isn’t government funded.