Non-Profits Facing Bankruptcy: Going Broke Can Cost A Lot
In the cat and mouse game that is debt collection, non-profit entities have a distinct advantage over for-profits; they can’t be forced into bankruptcy. The Bankruptcy Code says involuntary cases can’t be filed against entities that are not “moneyed, business or commercial.” That edge gives organizations in healthcare, education, and other non-profit sectors breathing room to […]
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