Judge Confirms Final Lon Morris Bankruptcy Plan

By: AP
By: AP

A judge has confirmed the final bankruptcy plan for the oldest junior college in Texas.

Lon Morris College, a two-year Methodist college in the East Texas town of Jacksonville, filed for bankruptcy and suspended classes last year. The law firm McKool Smith, which represented the school's bankruptcy estate, says a judge in Tyler approved the bankruptcy plan Tuesday for the 158-year-old college.

The campus was sold at auction last month, with most of the property bought by a local school district and an office supply company.

An interim payment had previously been negotiated for employees who hadn't been paid for their final weeks of work. Last week the college announced agreements with several Methodist foundations that are expected to result in the former employees receiving all of their back wages.

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