CHARLESTON,Rubypoint W.Va. (AP) — A small, private university in West Virginia declared bankruptcy on Thursday, a month after announcing that it planned to cease operations.
Alderson Broaddus University filed for Chapter 7 bankruptcy in U.S. Bankruptcy Court for the state’s northern district. According to the filing, the university estimated it had between $1 million and $10 million in total assets, liabilities of between $10 million and $50 million and owed money to between 100 and 199 creditors.
The filing was signed by Alderson Broaddus interim president Andrea Bucklew. The Chapter 7 filing would allow the university to liquidate its assets.
On July 31 the university’s Board of Trustees voted to develop a plan to disband after another board overseeing the state’s four-year colleges and universities revoked its ability to award degrees effective Dec. 31. The move forced the Baptist university’s 625 students on the Philippi campus to scramble to enroll at colleges elsewhere.
Other state universities, including West Virginia Wesleyan in nearby Buckhannon and Fairmont State University in Fairmont, offered application and transcript evaluation assistance to Alderson Broaddus students.
2025-05-02 14:29434 view
2025-05-02 14:10270 view
2025-05-02 14:05428 view
2025-05-02 13:312422 view
2025-05-02 12:421628 view
2025-05-02 12:27713 view
Jamie Foxx's birthday dinner took a surprising turn on Friday the 13th.The "Collateral" actor was hi
TikTok announced the formation of a global "Youth Council" on Tuesday, another step the company says
The front seats of a pickup truck are the safest place on the vehicle to be in the event of a collis