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A Bulgarian businessman from Chicago wants to save the church "St. Ivan Rilski"

Saint Ivan Rilski Church in Chicago
Photo: bg-voice.com

The Bulgarian businessman Mihail Mihailov, who is based in Chicago, has bought one of the mortgages of the church of St. Ivan Rilski, reported BG Voice. The temple owes $370,000 to two banks that are suing the church for bankruptcy. 

Mihailov will join the lawsuit as a plaintiff in his role as holder of the first mortgage. 

The businessman's idea is to introduce a new management model to have double control over the finances of the church, which will be carried out only by Bulgarians. 

At the moment the St. Ivan Rilski Church is not part of the Bulgarian Orthodox Church, but is subordinate to the American Orthodox Church. The liabilities were accumulated after 10 years of litigation costs by Valentin Notskov, who was removed as a priest from the temple.

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