[HangnJudge]

How does an archdiocese go bankrupt?
What part of Render unto Caesar do they not understand?
Their riches are in Heaven, it is written

[Robert DeLong]

Spiritually you are correct, however, in the real world even they incur expenses. Bankruptcy is the legal form of dealing with those financial obligations that cannot be satisfied, but then you knew that. 8>)

[x_plus_one]

Parents pay money to send their kids to parochial schools built with their dollars, hospital, charities, buildings all add up to assets that can be confiscated under bankruptcy laws.