{"id":20329,"date":"2026-05-30T22:34:44","date_gmt":"2026-05-30T22:34:44","guid":{"rendered":"https:\/\/globalnewstoday.uk\/index.php\/2026\/05\/30\/phoenix-pride-files-for-chapter-11-bankruptcy-in-financial-restructuring-effort-abc15-arizona\/"},"modified":"2026-05-30T22:34:44","modified_gmt":"2026-05-30T22:34:44","slug":"phoenix-pride-files-for-chapter-11-bankruptcy-in-financial-restructuring-effort-abc15-arizona","status":"publish","type":"post","link":"https:\/\/globalnewstoday.uk\/index.php\/2026\/05\/30\/phoenix-pride-files-for-chapter-11-bankruptcy-in-financial-restructuring-effort-abc15-arizona\/","title":{"rendered":"Phoenix Pride files for Chapter 11 bankruptcy in financial restructuring effort &#8211; ABC15 Arizona"},"content":{"rendered":"<p>PHOENIX \u2014 Phoenix Pride announced it has filed for Chapter 11 bankruptcy protection as part of a financial restructuring effort aimed at preserving the organization&#8217;s future.<br \/>In a statement released Friday, the nonprofit said rising operational costs, economic uncertainty, changes in sponsorship and fundraising, and growing demands on nonprofit organizations contributed to the decision.<br \/>Phoenix Pride, which has served Arizona&#8217;s LGBTQ+ community since 1981, said it has faced mounting financial pressures similar to those affecting Pride organizations and LGBTQ+ nonprofits across the country.<br \/>Organization leaders said the bankruptcy filing will allow Phoenix Pride to reorganize its finances while continuing normal operations.<br \/>&#8220;Our mission has not changed,&#8221; the organization said in its statement. &#8220;Our commitment to the LGBTQ+ community remains unwavering.&#8221;<br \/>Phoenix Pride said it plans to continue serving the community throughout the restructuring process while working with legal and financial advisors to establish a sustainable future.<br \/>The organization also pledged transparency and said it will provide updates as the process moves forward.<br \/><a href=\"https:\/\/google.com\/preferences\/source?q=https:\/\/www.abc15.com\/\" target=\"_blank\"><img decoding=\"async\" src=\"https:\/\/ewscripps.brightspotcdn.com\/50\/db\/53bb5e05407d810216c6b9c64f8e\/google-preferred-source-badge-light-en.png\" style='display: block; margin-left: auto; margin-right: auto; width: 30%;' border=\"0\" alt=\"Null\"><\/a><br \/>Latest from ABC15:<br \/>abc15.com staff<\/p>\n<p>Scripps News Group<\/p>\n<p>abc15.com staff<\/p>\n<p>abc15.com staff<\/p>\n<p><a class=\"Link\" href=\"#report-a-typo\" data-name=\"report-a-typo\">Report a typo<\/a><\/p>\n<p><a href=\"https:\/\/news.google.com\/rss\/articles\/CBMiuAFBVV95cUxOWmd3T0pBcXg1Q1BXQzEwc2JOVU03SEJmTEMwUllPampjdVhrZU01b2JvRjZ3d21UTFBSemdadmtvVTFCbFQtUkduaFJlMW5sWktjMHdyX29GUkdTN1dmZWpFLS1QRE42R3Z0b3ZvR3BQZXlQNXpYSjRVa2Zma3NUZFdVQnNXdTFRb1FfMUMzZmVid3dGeTRBYU52ZlI5clJIVzgwWUktallTclRDVENEb1RtMDlqdnhI?oc=5\">source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PHOENIX \u2014 Phoenix Pride announced it has filed for Chapter 11 bankruptcy protection as part of a financial restructuring effort aimed at preserving the organization&#8217;s future.In a statement released Friday, the nonprofit said rising operational costs, economic uncertainty, changes in sponsorship and fundraising, and growing demands on nonprofit organizations contributed to the decision.Phoenix Pride, which [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":20330,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-20329","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business"],"_links":{"self":[{"href":"https:\/\/globalnewstoday.uk\/index.php\/wp-json\/wp\/v2\/posts\/20329","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/globalnewstoday.uk\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/globalnewstoday.uk\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/globalnewstoday.uk\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/globalnewstoday.uk\/index.php\/wp-json\/wp\/v2\/comments?post=20329"}],"version-history":[{"count":0,"href":"https:\/\/globalnewstoday.uk\/index.php\/wp-json\/wp\/v2\/posts\/20329\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/globalnewstoday.uk\/index.php\/wp-json\/wp\/v2\/media\/20330"}],"wp:attachment":[{"href":"https:\/\/globalnewstoday.uk\/index.php\/wp-json\/wp\/v2\/media?parent=20329"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/globalnewstoday.uk\/index.php\/wp-json\/wp\/v2\/categories?post=20329"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/globalnewstoday.uk\/index.php\/wp-json\/wp\/v2\/tags?post=20329"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}