Saint Augustine’s University Hands Control to Restructuring Officer in Bankruptcy Fight | Durham News

Saint Augustine’s University has avoided filing an immediate Chapter 11 bankruptcy exit plan by requesting an extension through January 2027 to address $74 million in debt, the board of trustees has handed operational control to court-appointed restructuring officer Malcomb Coley instead of selling campus land, and federal bankruptcy officials have endorsed the leadership transition to preserve the institution.

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St. Aug’s faced deadline to plan exit from bankruptcy. What it’s doing instead.
https://findsource.ai/s/qz31t

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