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 http://online.wsj.com/article/SB122999261138328613.html for the whole story.
Tags: church bankruptcies, filing bankruptcy
Posted in Economic News: How Are We Doing? | No Comments »