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UPDATE 8/28/13

 

Lon Morris has now received the charitable distributions it was anticipating from Heartspring Methodist Foundation and Texas Methodist Foundation.  Those distributions are being used to make lump sum settlement payments to former employees.  Checks and ACH payments are being processed today.  We are very thankful for the kindness of these foundations in working with the school towards this outcome.  If you have any questions, please contact the Plan Agent.

 

UPDATE 8/12/13

GREAT NEWS!  The Plan Agent is pleased to report the Bankruptcy Court has approved the settlement agreements between Lon Morris and certain foundations.  The foundations need to wait an additional 14 days for certain objection and appeal periods to run.  No objections are expected during the appeal period however, so payments should go out on or before August 30th.  Please contact the Plan Agent if you have any questions or need to reconfirm your distribution information at: 

dragan@bridgepointconsulting.com

 

UPDATE:  6/18/13

The Plan Agent for Lon Morris has filed a series of objections to claims of creditors in the bankruptcy case, as was required under the Plan of Liquidation.  With respect to the wage claims of employees,  there were also objections filed.  Generally those objections are for the purpose of correcting the amount filed by the employee where it either differed from the school’s records, didn’t account for the prior distributions made for funds received from the Church or the Foundations, or had arbitrary penalties added to the unpaid wage amount.  The objections only relate to correcting the amounts owed, and do NOT mean the debtor is objecting to paying the wage claims.  The debtor DOES still intend to pay the prior unpaid wages when it receives the funding from the Foundations.  We have been working diligently with the Foundations, and previously with the TX Attorney General’s office, to finalize these matters, and regret the significant delays employees have experienced since these funds were committed.  We have recently been advised the funds and distributions are anticipated to occur in August.  We will keep you apprised of further updates as we get them.

 

GENERAL INFORMATION:

 

Lon Morris College confirmed its' bankruptcy plan on February 12, 2013 (Case No. 12-60557, Eastern District of TX). The College sold substantially all its assets, but will continue to retain ownership of the name, and certain real estate and other assets of the College that will be liquidated over time pursuant to the bankruptcy plan.

 

For the time being, students needing transcripts can still request them via this website by following the links.  Please note the student account must be paid in order to release transcripts.  Because there is no longer full time or permanent staff, transcript requests can only be processed once or twice a month.

 

For an interim period the College will maintain an office at The Cooper House, a building the school is currently retaining.  Mail can be forwarded there as follows:

 

Lon Morris College

c/o The Cooper House

600 College Avenue

Jacksonville, TX 75766

 

Dawn Ragan of Bridgepoint Consulting will be the Plan Agent and Liquidating Trustee, responsible to handle ongoing matters post-bankruptcy.  Correspondence requiring immediate attention can be sent to Ms. Ragan as follows:

 

Dawn Ragan, Plan Agent

c/o Bridgepoint Consulting

1700 Commerce Street, Suite 810

Dallas TX 75201

dragan@bridgepointconsulting.com

 

Periodic updates will be made to this website with additional information, including regarding the payment of claims, as it becomes available.

 

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600 College Avenue Jacksonville, Texas 75766      

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