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NC college $1 million in

Source: Posted By: Renee H...4584 days ago

small, private college in North Carolina is asking creditors to be patient as the school tries to raise money to pay nearly $1 million in past-due bills.

The News & Record of Greensboro reported Sunday that Greensboro College already has cut salaries 20 percent. A week ago a power company lineman brought a notice that power would be turned off if the college didn't pay $8,000.

The school's restructuring officer, Edward Sanz, said the college has to raise enough money to operate through the....

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