Union For Traditional Judaism - Financial Difficulties

Financial Difficulties

The Union for Traditional Judaism filed for bankruptcy in 2010 following a decrease in donations. It emerged from bankruptcy in January 2011, but had to sell its headquarters building in Teaneck, NJ in order to pay its debts. The building was purchased by Congregation Netivot Shalom, which had been UTJ's Teaneck congregation. Netivot Shalom subsequently broke from the UTJ.

Read more about this topic:  Union For Traditional Judaism

Famous quotes containing the words financial and/or difficulties:

    Just as men must give up economic control when their wives share the responsibility for the family’s financial well-being, women must give up exclusive parental control when their husbands assume more responsibility for child care.
    Augustus Y. Napier (20th century)

    The heroes of the world community are not those who withdraw when difficulties ensue, not those who can envision neither the prospect of success nor the consequence of failure—but those who stand the heat of battle, the fight for world peace through the United Nations.
    Hubert H. Humphrey (1911–1978)