My office—the Tennessee attorney general’s charity unit—recently received a call from a judge. She was adjudicating a foreclosure that had advanced to the stage in which the debtor’s assets would soon be sold at auction. The judge was concerned because the debtor in this case was a nonprofit, and she realized that the parties had not involved our office in the foreclosure process. As a result, the judge invited our office to attend the next meeting on the status of the foreclosure.
The only parties present at the meeting were the lender and the court-appointed receiver for the nonprofit’s assets.
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