Alex Sapir wants to take bondholders to a second debt settlement, but they are in no hurry to comply

Sapphire Corp. that owns a hotel in New York and raised bonds in Tel Aviv will be required to pay in July to bondholders $24 million it does not have. She wants to pay just a quarter and defer repayment of the balance by a year - so she can by then sell the hotel and use its proceeds to repay her remaining bonds