Bankruptcy

Recent Developments in Texas Regarding Bankruptcy

A Texas state court ruled that the recently enacted Religious Freedom and Charitable Donation Protection Act of 1998 prevented a creditor from recovering contributions made by a bankrupt debtor to his church.

Recent Developments in New York Regarding Bankruptcy

A bankruptcy court in New York ruled that a church had to turn over tithes it received from a couple during the year preceding the filing of a bankruptcy petition since the tithes represented a "fraudulent transfer" for less than "reasonably equivalent value."
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