After the club's bankruptcy was declared by a court, 'Ami Fulman was appointed as an interim director by the court until club debts could be settled. 'Ami Fulman and his assistant got a salary of 1 million NIS together and the club was given a budget of 5 million NIS. The previous season players were convinced to get only 25% of their contracted salaries, those agreeing joining the Creditors Arrangement. The club started to search for players and new owner(s) and fans took active part in it, filling the courtroom in every discussion about the club, and some opened a bank account for donations. Its number was known to few only 54,000 NIS were collected. Beitar Jerusalem was not allowed to play the first three games; the games were postponed instead of forfeited by Beitar. The club started to play only from the 4th game onward, losing the 4th, 5th, 6th games, playing to a draw in the next three games and winning for the 1st time vs. Hapoel Rishon LeZion. Meanwhile, new buyers were approved by the court: Meir Panijel and brothers Meir Levi and Shaul Levi, aided by Sasson Shem Tov. The fans felt that they had done their best to help their team. Until the 29th league game, inclusive, out of 33, Beitar was in 12th and last place, with only five wins and ten draws, 25 points. The 30th game was won, and also the 31st game was won. The 32nd game was a draw 3–3 against Maccabi Kiryat Gat F.C. a rival in the bottom of the league. Beitar Jerusalem promoted jumped to 10th place. The last game was a draw 1–1 vs. the new champion Maccabi Haifa. Beitar ended the season with 7 league wins, 12 draws, 14 losses, 33 points, 39 goals for, 49 goals against, and kept the 10th place and avoided relegation. Manor Hassan scored 11 league goals in his only season as a club player. Beitar scored 15 goals in 3 State Cup games, including an away win 7–2 over F.C. Ashdod but lost 0–1 to Maccabi Haifa in the semi-final, on 7 May 2002.