In the wake of controversial bankruptcy cases recently filed by the Roman Catholic Archdiocese of Portland, Oregon, National Benevolent Association, Allegheny Health, Education, and Research Foundation and most recently, the Roman Catholic Archdiocese of Tucson, Arizona, scrutiny has been increasingly brought to bear on the benefits and burdens that federal bankruptcy laws offer to eleemosynary corporations. Non-profits seek bankruptcy protection for a variety of reasons. The Portland archdiocese filed for chapter 11 to head off (at least temporarily) 60 pending clergy sexual abuse cases seeking hundreds of millions of dollars in damages. The Tucson archdiocese's bankruptcy filing on September 20, 2004 was similarly precipitated by a rash of potential sexual abuse litigation exposure. National Benevolent Association, a 117-year-old charitable organization that manages more than 70 facilities financed by the U.S....

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