Skip to Content

West Virginia college files for bankruptcy a month after announcing intentions to close

By JOHN RABY
Associated Press

CHARLESTON, W.Va. (AP) — A small, private university in West Virginia has declared bankruptcy. The move to file for Chapter 7 bankruptcy by Alderson Broaddus University comes a month after it announced plans to cease operating. According to Thursday’s filing, the university listed between $1 million and $10 million in assets, between $10 million and $50 million in liabilities and at least 100 creditors. On July 31 the university’s Board of Trustees voted to develop a plan to disband after its ability to award degrees was stripped. That forced the Baptist university’s 625 students on the Philippi campus to scramble to enroll in other colleges.

Article Topic Follows: AP-National

Jump to comments ↓

Associated Press

BE PART OF THE CONVERSATION

ABC 17 News is committed to providing a forum for civil and constructive conversation.

Please keep your comments respectful and relevant. You can review our Community Guidelines by clicking here

If you would like to share a story idea, please submit it here.

Skip to content