Fink - They are filed as a Corp so I don't see why not.
Posts by cognac
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51How bad do the JWs need to be doing financially
by cognac inbefore they just go ahead and file chapter 7 or 11?
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51
How bad do the JWs need to be doing financially
by cognac inbefore they just go ahead and file chapter 7 or 11?
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cognac
Morph - Thanks for your input. I was just reading about Circuit City who went bankrupt. We are talking over a billion in debt before they filed... -
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How bad do the JWs need to be doing financially
by cognac inbefore they just go ahead and file chapter 7 or 11?
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cognac
Fink - I understand what you are trying to say. However, as stated before, my question was how bad they would have to be doing in order to file for bankruptcy. -
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Where has all the money gone?
by gingerbread ina number of years ago when i was still active, our service group was having a coffee break with the visiting circuit overseer.
during the conversation he mentioned that the "society" was now being run like a business.
being raised in the "truth" i thought that rather odd (and my eyes began to be opened!
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cognac
JWDaughter - You make a good argument. I'd just think that there would at least be rumors. You know how rumors fly around in JW Land... -
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Scale of 1 to 10. How did/do you rate the meetings!
by Truthexplorer in1. boring as s***e 2. extremely boring 3. boring as hell 4. boring.
5. slightly boring 6. not bad.
7. fair.
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cognac
The weekday big meeting was hell. They had way to many different materials being used and I never had any of them.
When I was in, the other two meetings I'd give a 6.
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51
How bad do the JWs need to be doing financially
by cognac inbefore they just go ahead and file chapter 7 or 11?
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cognac
The question wasn't if they are going bankrupt. It was how bad they would need to be doing to go bankrupt. -
51
How bad do the JWs need to be doing financially
by cognac inbefore they just go ahead and file chapter 7 or 11?
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cognac
Before they just go ahead and file Chapter 7 or 11?
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48
Where has all the money gone?
by gingerbread ina number of years ago when i was still active, our service group was having a coffee break with the visiting circuit overseer.
during the conversation he mentioned that the "society" was now being run like a business.
being raised in the "truth" i thought that rather odd (and my eyes began to be opened!
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cognac
Millie - combination of this over the years that have them bad credit. They were counting on certain monies to come in and it didn't. Obviously, they weren't counting on liquid assets and unless there was a sudden huge loss in investments, it wouldn't be that either. Although I do believe there has been loss in investments in the past. That leaves either fraud or loan(s) got denied. I think we'd hear something about it if someone or multiple people got caught for fraud. -
48
Where has all the money gone?
by gingerbread ina number of years ago when i was still active, our service group was having a coffee break with the visiting circuit overseer.
during the conversation he mentioned that the "society" was now being run like a business.
being raised in the "truth" i thought that rather odd (and my eyes began to be opened!
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cognac
Simon - A crappy career, but yes... -
48
Where has all the money gone?
by gingerbread ina number of years ago when i was still active, our service group was having a coffee break with the visiting circuit overseer.
during the conversation he mentioned that the "society" was now being run like a business.
being raised in the "truth" i thought that rather odd (and my eyes began to be opened!
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cognac
It went to:
Construction
Investments
Paying the SP's, Missionaries, CO's, Bethelites, etc. (Just with this alone they are spending over 224,000,000 per year)