This tough economy hasn't spared houses of God.
Church bankruptcies are becoming a more common occurrence as giving is down and the maintenance and mortgage bills are piling up.
In fact, church giving is down almost 15 percent in some areas, according to a recent Wall Street Journal article, resulting in some churches turning to filing bankruptcy to avoid foreclosure.
Check out the WSJ article for the whole story.
Tags: church bankruptcies, filing bankruptcy
This entry was posted on Wednesday, December 24th, 2008 at 10:10 am and is filed under Bankruptcy and the Economy. You can follow any responses to this entry through the RSS 2.0 feed. You can skip to the end and leave a response. Pinging is currently not allowed.