June 20, 2018

Chapter 11 Bankruptcy Primer, Part 1 of 2

Chapter 11 bankruptcy cases by large corporations make the news more frequently than smaller companies using Chapter 11, leaving some business owners and nonprofit organizations like churches wondering whether Chapter 11 is an option for them. Chapter 11 is not as straightforward to explain as Chapter 7 or Chapter 13, so I wrote this white paper on Chapter 11 and designed this FAQ: Q: How … [Read more...]

Chapter 11 Bankruptcy and Religious Institutions

Chapter 11 bankruptcy may offer a long term solution to the problems churches now face in the wake of The Great Recession. While the recession has been painful for millions of individuals and hundreds of thousands businesses, it has also made continued existence a matter of concern for a number of churches and other religious institutions. Unfortunately, the leadership of many religious … [Read more...]