NEWS STORY: Rules Are Unclear for Nonprofit Bankruptcies

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c. 2004 Religion News Service (UNDATED) The nonprofit status of the Archdiocese of Portland, Ore., may provide the Catholic organization more bankruptcy protection than businesses receive, according to legal experts. Last Tuesday’s (July 6) filing for Chapter 11 bankruptcy protection temporarily shields the archdiocese from claims by lenders and more than 60 plaintiffs in clergy […]

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