M
Maximian
Guest
Chapter 11 bankruptcy exists in order to prevent what most people think of as real bankruptcy. It is a way to invite the authorities in to reorganise your business.
The immediate effect is that all legal suits are suspended and so are plaintiffs’ requests for documents.
If you want to know which dioceses are the ones with skeletons in the cupboard, it’s the one out of every six in the US that has filed under Chapter 11. Those are the bishops who should offer their resignation to the Holy Father.
Good news is that 5 out of 6 are NOT in this situation.
The immediate effect is that all legal suits are suspended and so are plaintiffs’ requests for documents.
If you want to know which dioceses are the ones with skeletons in the cupboard, it’s the one out of every six in the US that has filed under Chapter 11. Those are the bishops who should offer their resignation to the Holy Father.
Good news is that 5 out of 6 are NOT in this situation.
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