The Trouble With Ch. 11 For Nonprofits

Law360, New York (April 20, 2011, 1:50 PM EDT) -- The enduring impact of the Great Recession on businesses, individuals, municipalities and even sovereign nations has figured prominently in world headlines during the last three years. Comparatively absent from the lede, however, has been the plight of charitable and other nonprofit entities that depend in large part on the largesse of donors who themselves have been less able or less willing to provide eleemosynary institutions with badly needed sources of capital in the current economic climate.

Nonprofits have sometimes resorted to bankruptcy protection as a form...
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