Special issues arise when a charity becomes entwined in the bankruptcy process. Congress enacted several provisions related to the sale of assets by not-for-profit debtors as part of the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 (BAPCPA).
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BANKRUPTCY LAW
Restrictions on the Sale or Transfer of Assets of Not-for-Profit Debtors
New Jersey Law Journal
January 31, 2013
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