Filing a Chapter 7 Corp vs 501c3

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Yahoo Bot
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I seem to recall there being some requirement that the assets can only
go to another 501c3.........

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Yahoo Bot
Posts: 22904
Joined: Sun Oct 18, 2020 11:38 pm


Hello Listserve:
Would anyone know the difference between filing a regular chapter 7 for a business (an elementary school) vs filing a 501c3?
What about liquidating the assets before we file such as resource books, musical instruments, tables and chairs and the sort?
Thank you,
Jan P. Quaglia

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