May 23, 2013 — vol. 48, no 42
local13-2013-03-21-related
related articles
Charles Street AME seeks federal bankruptcy protection
In what was described as “gross, severe financial mismanagement,” the historic Charles Street AME Church filed for bankruptcy last week, pleading to a federal judge to restructure about $4 million in debt to OneUnited bank as well as other creditors.
Though Rev. Gregory Groover Sr. repeatedly said in several public appearances that the church didn’t miss a payment, a different story emerged in bankruptcy court: the church was late on 43 of its 56 payments and missed its final two payments.
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The clock is ticking
The increasingly nasty legal fight between two of Boston’s leading black institutions took a public turn for the worse last week. About 300 people packed the pews of Charles Street African Methodist Episcopal church to show support for the church and demand justice from OneUnited Bank, which is moving ahead on its plans to foreclose on church property. More »
