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JACKSONVILLE, TX (KLTV) - One year has passed since Lon Morris College declared bankruptcy. The college auctioned off the core of their 12 acre campus, which was arranged into 16 different groupings of facilities and land. Major purchases were made by local bidders, including Jacksonville ISD.
According to a lawsuit filed in federal bankruptcy court, Lon Morris College is suing its former president, Dr. Miles McCall, and nine members of various boards and committees. In the lawsuit, the college demands damages in excess of $20 million.
Aug 27, 2012 · High expectations for Lon Morris College's quick recovery were dashed on Friday when the college announced it would not be able to open this fall. According to a press release issued by Bridgepoint Consulting, which was hired by the ailing 158-year-old institution to help with its financial woes, LMC will suspend classes and focus on finding a ...
Nov 30, 2012 · - The Texas Methodist Foundation is suing the Lon Morris College bankruptcy estate and Texas Attorney General Greg Abbott to prevent Dawn Ragan, the college's chief restructuring officer, from liquidating five separate charitable endowments totaling $265,000 to pay Chapter 11 bankruptcy costs.
Lon Morris College (LMC) was a private junior college located in Jacksonville, Texas, United States, and was the only school affiliated with the United Methodist Church that was owned by an individual conference and not the denomination as a whole.
Jan 3, 2015 · Lon Morris College is being auctioned off on December 13th. JACKSONVILLE — In July 2012, Lon Morris College — the state's oldest junior college, founded in 1854 — declared bankruptcy...
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Dec 10, 2012 · JACKSONVILLE — Bankruptcy documents filed by the Lon Morris College estate in July indicate hundreds of thousands of dollars in compensation was awarded to four upper level college...
