Religious order may need to file bankruptcy. Most people of faith do not consider that religious orders still need money to pay the bills. It is hard to believe that a religious order could face an uncertain future. That is exactly what has taken place. It may need the help of a bankruptcy lawyer to make certain the religious order can survive. The order of Friars Minor is one of the oldest religious orders in the world. It was founded over eight hundred years ago. It is based on the teachings of St.Francis of Assisi. They are now in deep trouble. Millions of dollars have been stolen by some of its monks and have been hidden in offshore companies. Some of the funds have even been invested in arms and drug trafficking. Swiss prosecutors have seized some of the accounts due to the illegal activities. This scandal has rocked the order. The order is active in 110 countries and has more than 14,000 members. The order devotes itself to prayer. Not only monks stole from the order. Others were involved as well. The order has been devastated by the theft. It is now facing grave financial consequences. It appears there really is only one solution. The order that has helped others for centuries will now need help of its own. Consulting with a well respected bankruptcy attorney is now crucial. The filing of a bankruptcy case could be the only way the order can climb out of this mess. Life changing events can hit anywhere and anyone. The order has been around since the year 1209. It is much older than our country. The charitable work it performs is needed throughout the world. The work of the bankruptcy lawyers in this case is very important. The bad acts of a few cannot be permitted to ruin the good work of the order that has been around for centuries.
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