Morris Brown College in Atlanta, a 131-year-old institution affiliated with the African Methodist Episcopal Church, has filed for bankruptcy.
School officials hope to avert or delay foreclosure on property securing $13 million in bonds issued through the Fulton County Development Authority, The Atlanta Journal-Constitution reported. Morris Brown listed a total of about $30 million owed to 200 creditors in its bankruptcy filing.
Thanks to HL for the above link.
Don’t say I didn’t warn you!
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