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Lender Discrimination, Black Churches And Bankruptcy, Pamela Foohey
Lender Discrimination, Black Churches And Bankruptcy, Pamela Foohey
Articles by Maurer Faculty
Based on my original empirical research, in this Article, I expose a disparity between the demographics of the roughly 650 religious congregations that have filed for chapter 11 bankruptcy during part of the last decade and congregations nationwide. Churches with predominately black membership — Black Churches — appeared in chapter 11 more than three times as often as they appear among churches across the country. A conservative estimate of the percentage of Black Churches among religious congregation chapter 11 debtors is 60%. The likely percentage is upward of 75%. Black Churches account for 21% of congregations nationwide.
Why are Black …
When Faith Falls Short: Bankruptcy Decisions Of Churches, Pamela Foohey
When Faith Falls Short: Bankruptcy Decisions Of Churches, Pamela Foohey
Articles by Maurer Faculty
What does a church do when it is about to go bust? Religious organizations, like any business, can experience financial distress. Leaders could try to solve their churches’ financial problems on their own. Perhaps leaders do not view the problems as addressable with law. Or perhaps they do not think, as a moral or spiritual matter, that they should resort to the legal system, such as bankruptcy, to deal with their churches’ inability to pay its debts. Yet about ninety religious organizations seek to reorganize under the Bankruptcy Code every year. This Article relies on interviews with forty-five of these …