Key differences between bankrupt churches, small businesses, study finds
Friday, March 29, 2013 - 06:00
in Psychology & Sociology
Although they share some important similarities, religious organizations, such as churches, that file for Chapter 11 bankruptcy protection differ from small business debtors in two significant ways – they seek to preserve the "going-concern value" of the organizations themselves, and their members are more integral to their successful reorganizations, says a new study by a University of Illinois law professor.