A bankruptcy court last week approved a plan that will let financially-strapped Morris Brown College emerge from bankruptcy, the chairman of the college’s board of trustees said, the Atlanta Journal-Constitution reported on Saturday. Morris Brown College Board Chairman Preston Williams said the action, approved at a Wednesday hearing and confirmed Thursday by a signed order by Judge Barbara Ellis-Monro, “will allow the college to exit bankruptcy and move forward to regain its accreditation.” The college filed for chapter 11 bankruptcy reorganization in August 2012. In a motion filed last week, the college spelled out a plan to resolve several remaining minor claims, including debts to ADT Security Service, the Robert W. Woodruff Library, a consulting firm and two individuals. A hearing on that motion has been scheduled for April 29.
