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.

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

AP-WF-07-20-14 2059GMT


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