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St. Augustine's University in Financial Freefall | Durham News
St. Augustine’s University, a historic Black school drowning in $74 million debt, is facing a messy bankruptcy with a judge stunned by the chaos — including potential campus sales and a lawsuit from a former president whose family still fights for justice. Complicating matters: the school may have lacked critical insurance, prompting the judge to question leadership oversight and grant temporary protection to two trustees until October. Meanwhile, a real estate deal to sell assets has sparked objections from key stakeholders, but the bankruptcy administrator remains hopeful for progress…
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