Latest Posts
Home > Debt Articles > Bankruptcy Information > If Bankruptcy is Immoral and Against Religion or God Then Why Did the Jesuit Priests of Oregon Just File Bankruptcy?

If Bankruptcy is Immoral and Against Religion or God Then Why Did the Jesuit Priests of Oregon Just File Bankruptcy?

I understand the argument that going bankrupt is bad. Some people object to going bankrupt for moral reasons or religious reasons. I get that. When I went though my money troubles, and eventually bankruptcy, I felt the same way. It was a great struggle for me.

But after years of helping people with bad debt in impossible situations, what I object to more are people that won’t file bankruptcy even though it is the best solution to their current situation and gives them the ability to create a safer future rather than spending a lifetime making up for past mistakes.

So imagine my surprise when I saw the article today about the Jesuit Priests of the Oregon Province filing bankruptcy.

The Jesuits of the Oregon Province have filed for Chapter 11 bankruptcy protection. The petition was filed Tuesday in U.S. Bankruptcy Court in Portland. The province of the Roman Catholic order listed assets of less than $5 million and liabilities of almost $62 million.

“Our decision to file Chapter 11 was not an easy one, but with approximately 200 additional claims pending or threatened, it is the only way we believe that all claimants can be offered a fair financial settlement within the limited resources of the Province,” The Rev. Patrick J. Lee, the current provincial, said in a statement late Tuesday.

So if going bankrupt to reorganize debts is not moral or permitted under God, you would think that the church would never go bankrupt. Apparently the church recognized that bankruptcy is not against God, the church or morality. They didn’t dismiss it and you should not discount bankruptcy as a solution for your situation either if it is appropriate.

Steve

If Bankruptcy is Immoral and Against Religion or God Then Why Did the Jesuit Priests of Oregon Just File Bankruptcy? by

Share This and Spread the Word

About Steve Rhode

Steve Rhode
Steve Rhode is the Get Out of Debt Guy and has been helping good people with bad debt problems since 1994. You can learn more about Steve, here.

Get My FREE Get Out of Debt Guy Newsletter

It is the smart thing to do.

I promise to keep your email safe and secure.

Close

I want to keep you posted each weekday with just one email about the latest get out of debt news, scam alerts and information to beat back debt.

You can unsubscribe at any time with just one click.

After you subscribe, check your email to confirm your subscription. If the confirmation email does not appear in your inbox in a few minutes, check your spam folder for it. Sometimes it likes to annoyingly hide there.


  • It will keep you posted on the latest scams.
  • You will be alerted to the latest articles.
  • You will wind up smarter than everyone else dealing with debt.