Bankruptcy Law Questions? Ask a Bankruptcy Lawyer.
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Hello Chris and thank you for your assistance
A Chapter 7 is filed if the intent is to close the church, and a Chapter 11 would be filed if the intent is to keep the church open.
You would be able to keep the building if, and only if, the mortgage is being paid, and if the building does not have too much equity.
We want to keep the church open.
Then you would want to file a Chapter 11.
The mortgage is being paid. What is a estimated cost for a chapter 11
$1,000 filing fee, and around $5,000 attorney fee.
You may be able to find an attorney with a good heart who will charge you little or nothing to file a Chapter 11.
Perhaps a member of your conregation?
Perhaps someone in your congregation is a Bankruptcy attorney, and is willing to file for less or pro bono.
I am attempting to rate your service however it shows you are offline.
Thank you for your assistance.