cognac

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Posts by cognac

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  51

  How bad do the JWs need to be doing financially

  by cognac in

  1. jw
  2. friends

  before they just go ahead and file chapter 7 or 11?

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  cognac

  Apparently they can as this legal paper explains, the Crystal Cathedral in the US filed for bankruptcy not long ago.

  http://papers.ssrn.com/sol3/papers.cfm?abstract_id=2219964

  Thanks for the input and link Fink...
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  51

  How bad do the JWs need to be doing financially

  by cognac in

  1. jw
  2. friends

  before they just go ahead and file chapter 7 or 11?

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  cognac

  You can only sell off assets to cover operational costs so long before there is not anything left to operate.

  Great point! Look forward to seeing their Year Book next year. It comes out in January, right?

  
  
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  51

  How bad do the JWs need to be doing financially

  by cognac in

  1. jw
  2. friends

  before they just go ahead and file chapter 7 or 11?

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  cognac

  Thank you JWdaughter! They certainly have been cutting back on a lot of things... Looks like they aren't done with the cuts, either...
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  51

  How bad do the JWs need to be doing financially

  by cognac in

  1. jw
  2. friends

  before they just go ahead and file chapter 7 or 11?

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  cognac

  Fink - They are filed as a Corp so I don't see why not.
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  51

  How bad do the JWs need to be doing financially

  by cognac in

  1. jw
  2. friends

  before 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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  51

  How bad do the JWs need to be doing financially

  by cognac in

  1. jw
  2. friends

  before 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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  48

  Where has all the money gone?

  by gingerbread in

  1. jw
  2. friends

  a 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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  28

  Scale of 1 to 10. How did/do you rate the meetings!

  by Truthexplorer in

  1. social
  2. humour

  1. 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 in

  1. jw
  2. friends

  before 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.
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  51

  How bad do the JWs need to be doing financially

  by cognac in

  1. jw
  2. friends

  before 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?