file for bankruptcy illustrating that bankruptcy shows no respect for religion.

If bankruptcy can happen to an organization like the church, surely bankruptcy can happen to anyone. It does not matter whether you are rich, powerful, famous, popular, or charitable, bankruptcy can happen to you. Bankruptcy is simply a legal proceeding designed to allow the honest person to work their way out of a bad financial situation. In the illustration, the church was forced to protect the good works that were continuing. They filed the bankruptcy to prevent any pending law suits from the scandal from crippling their other work.

As a society, we have come a long way since the days of debtor prisons and states. The Constitution provides for our protection against those antiquated ways when it gave Congress the power to legislate bankruptcy law making the primary laws governing bankruptcy federal. State laws supplement the federal laws by honing out some of the necessary details. The laws have been designed to protect both creditor and debtor

Unlike the business type of bankruptcy the church filed (Chapter 11), there are basically two types of bankruptcies an individual can file- a chapter 7 or a chapter 13www.BankruptcyHome.com . We will help you find a bankruptcy attorney in your area that will help you with any questions you may have on bankruptcy law.