BANKRUPTCY LAWClement J. Farley, Scott H. Bernstein and Natalya G. Johnson, New Jersey Law Journal
Restrictions on the Sale or Transfer of Assets of Not-for-Profit Debtors
Special issues arise when a charity becomes entwined in the bankruptcy process
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).