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Bankrupting The Faith, Pamela Foohey
Bankrupting The Faith, Pamela Foohey
Articles by Maurer Faculty
This Article presents the results of a comprehensive empirical study of religious organizations that filed bankruptcy under Chapter 11 from the beginning of 2006 to the end of 2011. It examines the institutions’ characteristics, reasons for filing, and case outcomes to investigate whether Chapter 11 is an effective solution to their financial problems. In investigating the religious organizations’ cases, the Article also assesses the role of bankruptcy courts in adjudicating Chapter 11 cases and places the cases within theories about the larger purposes of Chapter 11.
The study finds that the vast majority of debtors are small organizations that operate …
The Case For A State-Level Debt-Financing Authority, David Gamage, Darien Shanske
The Case For A State-Level Debt-Financing Authority, David Gamage, Darien Shanske
Articles by Maurer Faculty
In this essay, we argue for the adoption of state-level debt-financing authorities as part of a broader package for reforming local government borrowing.