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...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.