Even churches feeling the crush of bankruptcy

Churches are not immune to the lagging economy and the recession that still afflicts a large section of the American population. In Anderson, Indiana, the Madison Park Church of God filed for Chapter 11 bankruptcy protection citing the recession and the closing of a General Motor’s plan as reasons for the bankruptcy filing. According to court documents, the church lists assets of less than $10 million with debts exceeding the $10 million mark.

For more on this story see, “Big Anderson church files for Chapter 11 bankruptcy.”

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