Friday, February 20, 2009

Charities Now Seek Bankruptcy Protection

NY Times examines a number of nonprofits seeking bankruptcy protection as an option. The article relates that usually insolvent nonprofits would shutdown and put a dissolution plan in place with charity regulators in their state. Now, nonprofits are exploring bankruptcy because "nonprofits have been pressured by donors to operate more like businesses." Have any comments or feedback on this article? Share them here.

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