
News outlets including AJC.com and the News and Observer are saying the college submitted a $20 million plan to a bankruptcy court this past Friday.
According to the articles, the proposal includes selling some property. Money from FD LLC, whose interests include holdings in Family Dollar, would also be involved in the deal.
Find out what's happening in Cascadefor free with the latest updates from Patch.
You may also be interested in reading:
Video: Morris Brown College Announces Bankruptcy to Avoid Pending Foreclosure (August 25, 2012)Morris Brown College Holds Founders Day Commemoration Celebrating 132 Years of Unstoppable Service (March19,2013)
Find out what's happening in Cascadefor free with the latest updates from Patch.
Get more local news delivered straight to your inbox. Sign up for free Patch newsletters and alerts.