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.
Employee wage claims are expected to be satisfied when the Debtor receives funds coming from two foundations in settlement of certain litigation. The Debtor and the foundations have agreed to a settlement that will provide those funds for the purpose of paying allowed employee wage claims once the Texas Attorney General has approved the settlement and so advised the foundations. Until such time as the foundations have received this approval, they are unable to remit the funds to the Debtor. We are hopeful the settlement and approval will be forthcoming in the very near term. Accordingly, we will be attempting to contact each employee to verify amounts owed and prepare for distribution.
For an interim period the College will maintain an office at:
Lon Morris College
Dawn Ragan of Bridgepoint Consulting will be the Plan Agent, responsible to handle ongoing matters post-bankruptcy. Correspondence requiring immediate attention can be sent to Ms. Ragan as follows:
Periodic updates will be made to this website with additional information, including regarding the payment of claims, as it becomes available.
600 College Avenue · Jacksonville, Texas 75766
© Lon Morris College 2011