Baptist Group Files for Bankruptcy
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The Alabama State Missionary Baptist Convention, the largest black Baptist organization in the state and an affiliate of the beleaguered National Baptist Convention, USA, has filed for Chapter 11 bankruptcy in U.S. Bankruptcy Court.
The convention’s membership includes about 900 churches with a total of 420,000 members, said the Rev. W.E. Pitts, a Tuscaloosa minister who is the convention’s executive secretary-treasurer.
Pitts blamed the bankruptcy filing on the financial decisions of past leaders of the convention, who were voted out of office in November 1995.
He also said the severe difficulties of 119-year-old Selma University, which the convention sponsors, have proved to be a major drain.
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