Morris Brown College Filed For Bankruptcy

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.

http://www.upi.com/Top_News/US/2012/08/30/College-in-Atlanta-files-for-bankruptcy/UPI-17801346352454/#ixzz25D5ylGEw

 
Thanks to HL for the above link.
 
Don’t say I didn’t warn you!
 

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