The University of Wisconsin System may still be on the hook for debts accrued by the UW Oshkosh Foundation. The non-profit foundation is filing for chapter 11 protection over several real estate deals gone bad, WPR.org reported. The UW System asked Bankruptcy Judge Susan Kelley to either delay or dismiss the filing by the UW Oshkosh Foundation, but she denied that request last week. The foundation is seeking bankruptcy protection because of more than $15 million in debt on five capital projects, three of which are in the red. They include a biodigester in Rosendale, Wisc., a campus alumni welcome center, and a sports complex. The foundation is asking the UW System to cover some of its liability. The UW System is pursuing legal action against former UW-Oshkosh Chancellor Richard Wells and former Vice Chancellor Thomas Sonnleitner who approved the real estate transactions.
