the republic logo

Board chairman: Morris Brown College in Atlanta to emerge from bankruptcy


ATLANTA — The chairman Morris Brown College's board of trustees says a plan has been approved for the Atlanta school to emerge from bankruptcy.

Board chairman Preston Williams said in a statement that the U.S. Bankruptcy Court this week approved the plan, and a judge signed it Thursday.

The Atlanta Journal-Constitution reports ( that Williams said the plan will allow the college to exit bankruptcy and take steps toward regaining its accreditation.

As part of the bankruptcy proceedings, the college sold 26 acres of property and buildings, but retains ownership of the school's administration building, Griffin Hightower Classroom building and Fountain Hall.

The school filed for Chapter 11 bankruptcy protection in the summer of 2012. At one point, the school had reported being $35 million in debt with no steady cash flow.

Information from: The Atlanta Journal-Constitution,

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

Story copyright 2015 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 This material may not be published, broadcast, rewritten or redistributed.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 ©2015 The Republic, a division of Home News Enterprises unless otherwise noted.
All rights reserved. Privacy policy.