Sponsored By
![Wealth Management Magazine Wealth Management Magazine](https://eu-images.contentstack.com/v3/assets/bltabaa95ef14172c61/bltb2b97c8dc5044c5e/67239d7ce88bac59d13a489e/WMMagLogo.jpg?width=700&auto=webp&quality=80&disable=upscale)
Wealth Management Magazine features the best of WealthManagement.com, including news, trends, topics and research important to financial advisors.
Creditors Snatch Collection PlateCreditors Snatch Collection Plate
If you're bankrupt, giving money to a religious institution is not an option, says one court.
John Churchill
October 1, 2006
1 Min Read
John Churchill
If you're bankrupt, giving money to a religious institution is not an option, says one court. The U.S. Bankruptcy Court for the Northern District of New York has interpreted a controversial U.S. bankruptcy reform law that went into effect in October to say creditors come before church. Says one attorney: “For religious Americans…the reform legislation didn't just reword…the code, it also effectively rewrote Exodus and Deuteronomy.”