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Morris Brown College Seeks Bankruptcy Protection

August 27, 2012
 

Morris Brown College, which has been facing foreclosure this week because of its $30 million in debts, filed for federal bankruptcy protection on Friday, The Atlanta Journal-Constitution reported. The historically black college lacks accreditation and has only a few dozen students, but its leaders said that filing for bankruptcy should delay foreclosure -- and that if a federal judge grants the college's request for bankruptcy protection, Morris Brown would have time to regroup.

 
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