the republic logo

Financially troubled Mid-Continent University files for bankruptcy protection


MAYFIELD, Kentucky — Mid-Continent University in western Kentucky has filed for bankruptcy protection.

Tom Butler, who is chairman of the school's board of trustees, said the panel took the action on Monday to hold off creditors.

Officials with the financially struggling Christian school in Graves County decided to close the facility on June 30. At the time, acting President Robert "Tom" Walden said there wasn't enough money to pay staff.

The school announced in February that financial woes might force it to close. The financial situation stems from the U.S. Department of Education's rejection of financial aid paperwork.

Think your friends should see this? Share it with them!

Story copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Feedback, Corrections and Other Requests: AP welcomes feedback and comments from readers. Send an email to and it will be forwarded to the appropriate editor or reporter.

We also have more stories about:
(click the phrases to see a list)





Follow The Republic:

All content copyright ©2014 The Republic, a division of Home News Enterprises unless otherwise noted.
All rights reserved. Privacy policy.