Source: wavy.com Posted By: Renee H...5415 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....