Several couples who hoped to adopt children from Ethiopia lost thousands of dollars and had their dreams shattered when an adoption agency filed for bankruptcy, says a March 10 news story on Kare11.com. The quest to adopt a child, whether through domestic adoption or international adoption is never without risk, but losing tens of thousands of dollars in one fell swoop is quite uncommon.
Such was the bad luck of two families from Elk River, Minn. Both families had been working to complete Ethiopian adoptions through Christian World Adoption, an international adoption agency based in North Carolina. The agency abruptly filed for Chapter 7 bankruptcy and closed up shop in February of this year.
"It is with great regret that CWA announces that we are ending operations as an agency effective immediately," says a notice on their website.
After investing upwards of $20,000 and a year's worth of paperwork, the hopeful adoptive families are left with nothing to show for their efforts. Their savings accounts are depleted and neither brought home the Ethiopian child they'd been dreaming off. The loss, they say, is devastating. But all hope is not lost. Both families remain committed to their efforts to complete an international adoption are hoping to begin the process again in the future.