Latest News 2010 December Salem Church Files for Bankruptcy Protection

Salem Church Files for Bankruptcy Protection

The Greater Salem Church in North Carolina has reportedly field for Chapter 11 bankruptcy protection. According to reports, the filing took place after its properties were auctioned off in a foreclosure sale. The church reportedly did not make a full payment on its loans since September 2009. The church reportedly listed assets at $5.1 million and liabilities at $5 million.     

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