TYLER, Texas (AP) - The oldest junior college in Texas is seeking permission to sell a "substantial amount" of its East Texas property after filing for bankruptcy earlier this year.
Lon Morris College is a 158-year-old United Methodist School in Jacksonville but has suspended its fall semester amid deep financial troubles.
The Tyler Morning Telegraph reported Sunday that the school filed an application Sept. 28 in federal bankruptcy court seeking permission to sell much of its property.
The application says Lon Morris has an estimated 112 acres of real estate with various buildings, including dorms, a library, a chapel, and admission buildings.
The school is seeking to sell those to pay creditors as well as former employees.
At a hearing scheduled for Oct. 31, a judge may decide on the college's request.
Lon Morris seeks permission to sell property
POSTED: 1:21 PM Oct 07 2012
Text Size:
-
Copyright 2012 by The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Comments
The views expressed are not those of this site, this station or its affiliated companies. By posting your comments you agree to accept our terms of use.
