June 24, 2024
July 1, 2023

Can Nonprofits File Bankruptcy?

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 […]