Lender discrimination, black churches, and Bankruptcy
P Foohey - Hous. L. Rev., 2016 - HeinOnline
Hous. L. Rev., 2016•HeinOnline
Based on my original empirical research, in this Article I expose a disparity between the
demographics of the roughly 650 religious congregations that have filed for Chapter 11
bankruptcy during part of the last decade and congregations nationwide. Churches with
predominately Black membership-Black Churches-appeared in Chapter 11 more than three
times as often as they appear among churches across the country. A conservative estimate
of the percentage of Black Churches among religious congregation Chapter 11 debtors is …
demographics of the roughly 650 religious congregations that have filed for Chapter 11
bankruptcy during part of the last decade and congregations nationwide. Churches with
predominately Black membership-Black Churches-appeared in Chapter 11 more than three
times as often as they appear among churches across the country. A conservative estimate
of the percentage of Black Churches among religious congregation Chapter 11 debtors is …
Abstract
Based on my original empirical research, in this Article I expose a disparity between the demographics of the roughly 650 religious congregations that have filed for Chapter 11 bankruptcy during part of the last decade and congregations nationwide. Churches with predominately Black membership-Black Churches-appeared in Chapter 11 more than three times as often as they appear among churches across the country. A conservative estimate of the percentage of Black Churches among religious congregation Chapter 11 debtors is 60%. The likely percentage is upward of 75%. Black Churches account for 21% of congregations nationwide. Why are Black Churches filing under Chapter 11 more so than other churches? Reorganization allows businesses to restructure their debts. However, creditors may consensually agree to debt
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