Can Nonprofits File Bankruptcy? is rarely discussed in the philanthropic community. Regardless, filing for federal bankruptcy relief is not uncommon and is a way to resolve the status of a nonprofit in serious financial difficulties. As with individuals and for-profit businesses, sometimes this drastic remedy is necessary. Can Nonprofits File Bankruptcy? The Answer is YES! Bankruptcy can become an option for a variety of reasons – some avoidable and others the result of outside, unexpected forces like […]