June 27, 2017

Charlotte’s Greater Salem Church Obtains Chapter 11 Bankruptcy Protection

I recently filed a Chapter 11 bankruptcy case to stop a foreclosure that was threatening a well known local church, demonstrating the power of the automatic stay.

Chapter 11 is not just for businesses

Greater Salem Church was threatened with the loss of its church building. The Chapter 11 filing caused the automatic stay to stop the foreclosure proceeding. This will allow the church membership the opportunity to reorganize its finances and save the property.

I attended services at Greater Salem Church last Sunday and explained what had been done and why. The congregation voiced enthusiastic support. As I said in a newspaper interview, “The congregation of that church and the people behind the church have a great deal of emotional capital tied up in that location, and they are going to do anything they can to save it.”