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| Bankruptcy |
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by
Crown Financial Ministries
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| The term bankruptcy comes from two Latin words and literally means “broken bench.” |
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| Foreclosures and repossessions |
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by
Crown Financial Ministries
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| When consumers cannot pay back the money borrowed, creditors can seize property placed as security against the borrowed money. |
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| Hope in the midst of hopelessness |
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by
Crown Financial Ministries
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| Regardless of what we have been through or what we will have to go through in the future, our Lord is there and will always be with His children. |
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| Types of bankruptcy |
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by
Crown Financial Ministries
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| The revised Bankruptcy Code of October 1, 1979, generally regulated three kinds of bankruptcy: corporate, personal, and farm reorganization. |
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| Biblical perspective on bankruptcy |
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by
Crown Financial Ministries
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| People used to avoid bankruptcy if at all possible because of the stigma of financial failure. Today, however, it has become more socially acceptable |
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