De Pere private school files for bankruptcy

By: AP Email
By: AP Email
 A private school in De Pere has closed and filed for bankruptcy, leaving some parents out nearly $30,000 in tuition payments.

MGN Online

DE PERE, Wis. (AP) -- A private school in De Pere has closed and filed for bankruptcy, leaving some parents out nearly $30,000 in tuition payments.

A Press-Gazette Media report (http://gbpg.net/1oZi2vI ) says the Wisconsin International School filed for bankruptcy this month. The school has estimated assets of $50,000, but liabilities of about $550,000.

Under the terms of the bankruptcy, parents who prepaid their tuition likely won't get it back. The bankruptcy filing says two families each paid more than $29,000, and several others paid about $19,000.

School officials offered little explanation when they shut down the school last month. It sent notices to parents saying it couldn't balance its books due to declining enrollment and fundraising shortfalls.

Parents were angered by the closing, saying no one ever warned them the school was struggling financially.

------

Information from: Press-Gazette Media, http://www.greenbaypressgazette.com

AP-WF-07-20-14 2059GMT


Comments are posted from viewers like you and do not always reflect the views of this station.
powered by Disqus
WEAU 13 NEWS 1907 S. Hastings Way Eau Claire, WI 54701 By Phone: Main Number (715) 835-1313 and (715) 832-3474. Tip Line (715) 839-WEAU - (715) 839-9328 Sports Line (715) 852-1537
Gray Television, Inc. - Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 267865261 - weau.com/a?a=267865261