Filing Alert: Saint Augustine's University Chapter 11

Saint Augustine's University, a Raleigh, NC-based private historically black university, filed for Chapter 11 protection on Apr. 27 in the U.S. Bankruptcy Court for the Eastern District of North Carolina.

The company reports $100 million to $500 million in assets and $50 million to $100 million in liabilities. The filing indicates that no funds will be available for distribution to unsecured creditors after administrative expenses are paid. The case number is 26-01864.

Top Unsecured Claims

Key Parties

Counsel:

• Ciara L. Rogers
  Waldrep Wall Babcock & Bailey PLLC
  Email: [email protected]

Signatories:

• Joseph Lynn – Secretary, Board of Directors

Bondoro Insights is continuing to monitor this case and will provide further coverage as appropriate.

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