Church filing for Bankruptcy?

Discussion in '2000-02 Archive' started by Kathy, Aug 21, 2002.

  1. Kathy

    Kathy
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    Does anyone have any resources on this topic, either in support of such a decision or opposed? I'd really appreciate it.

    Thank you!

    Kathy
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  2. Rev. Joshua

    Rev. Joshua
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    Kathy, are you talking about a restructuring or a church closing its doors?

    Joshua
     
  3. Kathy

    Kathy
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    A church is considering bankruptcy to stay open.
     
  4. tlange

    tlange
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    Kathy,

    A church that I attended for 14 years did file a Chapter 11 back in the late 70's early 80's in order to stay open. They had to trim things. They sold bonds to help out and the best thing was that they paid everyone that they owed plus the bondholders got their interest. I was there when they made the last payment in November 1988. God has since blessed that ministry with beautiful new facilities in the same location and the ministry is in better shape than it has ever been in. They have built several buildings and made improvements all debt-free.
     
  5. Son of Consolation

    Son of Consolation
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    Kathy, why don't you type Churches in bankruptcy into your Google search engine, and you'll come up with about 38,803 informational nuggets there - will that be sufficient? [​IMG]
     

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