I have begun thinking a lot about bankruptcy--no, not mine, but others. I read today about the Archbishop of Canterbury making, um, disparaging remarks about the Catholic Church of Ireland--something about it being broken.
Under Chapter 7, we have essentially a fire sale of the company's assets, and everyone is canned (generally without any bonuses).
So, I'm trying to decide whether the Holy Roman Catholic Church, a morally bankrupt institution, ought to declare Chapter 11, or give it all up and go for Chapter 7--wonder what you could get for the ceiling of the Sistine Chapel??