Hunter, Jr, Richard J.
[VerfasserIn]
;
Shannon, John H.
[Sonstige Person, Familie und Körperschaft];
Amoroso, Henry J.
[Sonstige Person, Familie und Körperschaft];
Lozada, Hector R.
[Sonstige Person, Familie und Körperschaft]
To Declare or Not to Declare [Bankruptcy]
: That May Be the Question, A Tale of Bankruptcy in Higher Education
Anmerkungen:
In: Education Quarterly Reviews, Vol.3 No.2 (2020)
Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments May 18, 2020 erstellt
Beschreibung:
This case study provides the background for a discussion of the bankruptcy of a composite non-profit corporation under Chapter 11 of the Bankruptcy Code, and the possible alternatives available to bankruptcy. Topics considered include: reorganizations, the selection of a bankruptcy trustee or an examiner, duties of a non-profit board, the automatic stay, aspects of the creation and confirmation of the bankruptcy plan, priority of creditors, termination of employment contracts for tenured and non-tenured faculty and those faculty represented by a union, at-will employment, and Title IX implications for any bankruptcy filing. The case study then turns to a discussion of options and perspectives available in the case that bankruptcy under Chapter 11 is not seen as a viable or practical alternative. Could the real target of restructuring and cost cutting be academic tenure?