NEWSTALK 860 » Chapter 11 Bankruptcy http://ksfa860.com Fri, 17 May 2013 21:25:41 +0000 en-US hourly 1 http://wordpress.org/?v=3.4.2 Lon Morris College Files For Bankruptcy http://ksfa860.com/lon-morris-college-files-for-bankruptcy/ http://ksfa860.com/lon-morris-college-files-for-bankruptcy/#comments Thu, 05 Jul 2012 18:56:46 +0000 Jim Bell http://ksfa860.com/?p=76873 Lon Morris College in Jacksonville is on life support financially, because it is so deep in debt it can't pay its bills or meet payrolls.  The situation is so critical that creditors were preparing to foreclose several buildings on the campus this week.

The Jacksonville Progress reports LMC officials have headed off the foreclosure by filing for federal Chapter 11 Bankruptcy protection.

Read More|Comment

]]> http://ksfa860.com/lon-morris-college-files-for-bankruptcy/feed/ 0 via Facebook/Lon Morris College