Section 550 Bankruptcy code Archives - MinistryWatch
Bankruptcy Case Forces Churches to Repay Hundreds of Thousands of Dollars in Donations
The federal bankruptcy laws don’t protect churches and nonprofits from trustees seeking to claw back donated money.
December 22, 2023
St. Andrew’s Methodist Church in Cullman, Alabama, had to refinance its building to give back nearly half a million dollars in donations it received nearly 10 years ago.
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