Court approves pre-holiday payment for Lon Morris College Employ - WTVM.com-Columbus, GA News Weather & Sports

Court approves pre-holiday payment for Lon Morris College Employees

Posted: Updated:
  • NEWSMore>>

  • Suspect arrested in connection to multiple copper thefts

    Suspect arrested in connection to multiple copper thefts

    Thursday, April 24 2014 6:45 PM EDT2014-04-24 22:45:58 GMT
    Columbus police say they have solved nearly a dozen copper theft cases with just one arrest. Herbert Covington, 48, faces multiple charges after being arrested in connection to air conditioner unit theftsMore >>
    Columbus police say they have solved nearly a dozen copper theft cases with just one arrest.

    Herbert Covington, 48, faces multiple charges after being arrested in connection to air conditioner unit thefts from a local plumbing company back in March.
    More >>
  • Kodak expansion to bring 40 new jobs to Columbus

    Kodak expansion to bring 40 new jobs to Columbus

    Thursday, April 24 2014 6:45 PM EDT2014-04-24 22:45:16 GMT
    Kodak is expanding again in the Fountain City, and the company says they are creating 40 new jobs. Kodak broke ground on a 16,000 square foot facility in Columbus in 2008. Now, the company is making someMore >>
    Kodak is expanding again in the Fountain City, and the company says they are creating 40 new jobs. Kodak broke ground on a 16,000 square foot facility in Columbus in 2008. Now, the company is making some improvements to the facility to add a new production line and will be bringing in their Sonora plate technology.More >>
  • Popular music program returns to the Columbus Public Library

    Popular music program returns to the Columbus Public Library

    Thursday, April 24 2014 6:33 PM EDT2014-04-24 22:33:07 GMT
    The always popular "Margaret Carney Tea & Music Series" will be returning for its eighth season to the Columbus Public Library on Friday afternoons this May.  This year's theme will be "A Musical Potpourr
    More >>
    The always popular "Margaret Carney Tea & Music Series" will be returning for its eighth season to the Columbus Public Library on Friday afternoons this May.  This year's theme will be "A Musical Potpourri & Tea" and will feature music from a wide variety of composers and styles.More >>
JACKSONVILLE, TX (KLTV) -

Released by Androvett Legal Media & Marketing:

TYLER, TX – A Texas federal judge has approved a pre-holiday distribution of $130,000 for more than 100 former employees of Lon Morris College who were unpaid for their final weeks of work when the school filed for bankruptcy protection earlier this year.

In a ruling announced today during a courtroom hearing in Tyler, the Hon. Bill Parker of the U.S. Bankruptcy Court for the Eastern District of Texas approved the payment for former employees requested by estate chief restructuring officer Dawn Ragan of Bridgepoint Consulting in Dallas.

The bankruptcy estate is represented by Houston lawyer Hugh Ray III of McKool Smith. The 158-year-old Methodist college, Texas' oldest junior college, filed for bankruptcy protection in July.

"We are extremely pleased that the court is allowing this deserving group of former Lon Morris College employees to receive a paycheck before the holidays," says Ms. Ragan, who negotiated the payment with representatives from the Nashville-based United Methodist Higher Education Foundation. "We are working hard to increase the estate's value and make sure that every employee receives all the wages they're owed. This is a positive step in the right direction."

Ms. Ragan says the $130,000 will be distributed to 138 former Lon Morris College employees beginning tomorrow.

A day before approving the payment for former employees, Judge Parker also approved the remainder of a $500,000 loan requested in early December by Ms. Ragan and Mr. Ray to help complete the bankruptcy process.

A scheduled auction of Lon Morris assets is set for Jan. 14 in Dallas. The auction will include approximately 50,000 square feet of academic lecture halls, dormitory buildings, a technology center, a gymnasium, and fields for football, baseball and other sports. A detailed auction listing is online at http://www.ameribid.com/upcoming-auctions/auction-detail/?id=192730. Tulsa, Oklahoma-based AmeriBid is coordinating the auction based on prior approval by the bankruptcy court.

For more information, please contact Bruce Vincent at 800-559-4534 or 214-728-6747 or bruce@androvett.com.

Powered by WorldNow

1909 Wynnton Road
Columbus, Ga. 31906

FCC Public File
publicfile@wtvm.com
706-494-5400
EEO Report
Closed Captioning

All content © Copyright 2000 - 2014 Worldnow and WTVM. All Rights Reserved.
For more information on this site, please read our Privacy Policy and Terms of Service.