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.
Then continue with the rest of the info there now……but make this correction – DELETE the entire second paragraph that talks about the employee wage claims.
Please also update the Bridgepoint address as follows:
1700 Commerce Street, Suite 810
Dallas TX 75201
600 College Avenue · Jacksonville, Texas 75766
© Lon Morris College 2011