Therefore, according to her, the conditions set forth in the guarantee for realization and forfeiture were not met.
- 0017. The secured creditors add that they are sensitive to the plight of the Sidi and Dekel families, but despite this, they should not agree to the forfeiture of the guarantees, because if possible, it would harm the institution Guarantee Law The Sale and Its Purpose.
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- The receiver and the secured creditor for the surpluses added their voices to the position of the secured creditors.
The course of the discussion:
- Dekel and Sidi's arguments for release from the contracts and the acceptance of the Sale Guarantees Law were heard by them at the meeting of May 3,2026, which preceded the appointment of the receiver and the issuance of a decision to enforce the liens. They repeated these arguments on July 20,2026 before.
- In her remarks, Mrs. Helit Levin Sidi denied the claims of the secured creditors and the receiver that vigorous work is being carried out in the field.
See her remarks on p. 14 of the transcript at para. 6 - 14:
"I want to respond to what was said earlier by Attorney Clal, he responded to the fact that we said that we were deceived about getting the apartment, he claimed that we were not deceived that we would get an apartment, I say that we were deceived. We thought we would get an apartment in May 2025 and receive it at the end of 2027. It's not free. The Clal company, which is supposed to atone for what happened by the developer, doesn't live up to what they promised us. That's exactly the situation that Attorney Dekel said. We don't have trust, I know also from the fact that I'm walking around the area, I'm from the neighborhood in the area, even from talking to the contractor, the work hasn't started yet. It was said that the work started two weeks ago, it was said that organizing had begun, we don't see anything on the ground. I'm certainly not sure that we'll get the apartment on the day they say it's very far away for us and we won't be able to afford it financially. Three or four years, double mortgage and rent When we planned for it in a period of six months, we won't afford it, we're in real trouble."
- Mr. Dekel also put a spotlight on the conduct of the secured creditors and seeks to derive from it an obligation to realize the guarantees.
See his words on p. 15 of the transcript at paras. 11-19: