web analytics
November 23, 2014 / 1 Kislev, 5775
At a Glance
News & Views
Sponsored Post
IDC Herzliya Campus A Day on Campus

To mark IDC Herzliya’s 20th anniversary, we spent a day following Prof. Uriel Reichman, IDC’s founder and president, and Jonathan Davis, VP for External Relations, around its delightful campus.



Chicago Chabad House Files for Bankruptcy to Avoid Foreclosure

By: JTA

The brownstone housing the Chabad Lubavitch of the Loop, Gold Coast and Lincoln Park was to have gone on the auction block Wednesday, but the bankruptcy filing this week gave Chabad additional time to repay a bank loan, the Chicago Tribune reported.

The group has found a way to pay its debts but needed more time, Rabbi Meir Chai Benhiyoun said, according to the Tribune.

Seven years ago, Chabad sought to build a new center at Chestnut and Clark streets, on Chicago’s so-called “Gold Coast,” and used its building on North Dearborn as collateral to the bank on the $4.9 million loan.

Following the economic downturn, donations for Chabad took a hit, the bank changed its rules and the organization was unable to finance its loan on the new property.

The Chabad House has served as a residence, classroom and a place to stop for Jewish travelers on visits to Chicago.

About the Author:


If you don't see your comment after publishing it, refresh the page.

Our comments section is intended for meaningful responses and debates in a civilized manner. We ask that you respect the fact that we are a religious Jewish website and avoid inappropriate language at all cost.

If you promote any foreign religions, gods or messiahs, lies about Israel, anti-Semitism, or advocate violence (except against terrorists), your permission to comment may be revoked.

No Responses to “Chicago Chabad House Files for Bankruptcy to Avoid Foreclosure”

Comments are closed.

SocialTwist Tell-a-Friend

Current Top Story
What, me incite terror? Abba: "The Jews must be barred by any means possible."
Ex-Senior Justice Official Asks Homeland Security to Ban Abbas from US
Latest News Stories
Iman in Har Nof

Sheikh Samir Aasi says “I Was Attacked Because Of What I Stand For. These Extremists Don’t Want Relations Between Religions”

Former Washington DC Mayor Marion Barry died early Sunday at age 78.

School children learning in the Palestinian Authority learn to hate Israel as part of the curriculum. New textbooks in Tennessee may be subtly sending the same message, charges a watchdog group.

A Tennessee watchdog group says textbooks in the state’s schools are teaching children to hate Israel and Jews.

Mount Eden suburb of Auckland, New Zealand, in November 2005.

In New Zealand a Jewish toddler wearing a yarmulka is attacked; the adults consider teaching their young to hide their identity.

If there were such a thing as “diplomatic police,” Abbas would have been arrested long ago for crossing red lines.

Both the town and the tower were destroyed in a violent fashion. A layer of ash shows they were burnt.

Son of Isaac Bashevis Singer, Israeli author Israel Zalman, dead at 85.

They were harmless men simply looking for “song birds.” Uh-huh.

US law states anyone who “Incited terrorist activity with intent to cause serious bodily harm or death” should be barred from entry.

The police knew the PA Arabs were sleeping in the cemetery, they just couldn’t figure out where…

The US is so used to believing lies that it can hardly distinguish them from the truth.

One of the most effective weapons of an enemy is to destroy the opponent’s economy, and Jews are cooperating.

A Toronto synagogue issued a rare Shabbat appeal to help the family.

This may be true, but it also may be Palestinian Authority fiction.

It was a miracle no one was injured or burned to death.

More Articles from JTA
Paul Goldenberg

The task force will aim at keeping Americans from joining ISIS and other radical Muslim murder gangs.

Charley Levine, a top public relations professional in Israel and well known in Ango-Israeli circles, has died.

New York police have arrested a 23-year-old Brooklyn man was arrested for assaulting an Orthodox Jewish couple in Manhattan this summer. A police department spokesman confirmed to JTA that Mustafa Mashni was charged with assault, as first reported on the Jpupdates website. The victims, in their 20s, were walking on the Upper East Side at […]

A Canadian university professor was charged in Paris on Saturday in the deadly 1980 synagogue bombing in Paris that killed four and injured more than 40. The arraignment of Hassan Diab came hours after he arrived in Paris after being extradited from Canada following a six-year fight to prevent it. Canada’s Supreme Court last week […]

The summer war between Israel and Hamas released an explosion of online anti-Semitic hate speech in several European countries, an international watchdog reported.

“Operation ‘Hospitals of Hope’ is an integral part of the vision of MASHAV and the Ministry of Foreign Affairs of Israel of helping nations in need, including nations without diplomatic relations with Israel.

The lab will operate in both Israel and New York, and will allow researchers to explore technologies in areas including communication and coordination, food and wellness, education and safety, and information and entertainment.

Printed from: http://www.jewishpress.com/news/breaking-news/chicago-chabad-house-files-for-bankruptcy-to-avoid-foreclosure/2012/06/29/

Scan this QR code to visit this page online: