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Reply to "Feynman School Closing"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]How can they not return the money? What did they do with that money? Who exactly is responsible for this? I’m sorry for the families and staff who are now out of a job. And if the school expects them to spend unpaid time packing up their rooms, that’s absurd. If it were me, I’d just pack up what’s exclusively mine and leave the rest of the room a mess. [/quote] Organizations go bankrupt all the time. You're one creditor among many. You're behind secured creditors and you're behind the teachers and other staff owed wages. Maybe you can get lucky and prove that they knew this was inevitable and took tuition money anyway. If there is enough evidence that it raise to fraud, then you can go after the school leaders personally, but that's a very hard standard to meet [/quote] They'd have to file for bankruptcy. My guess is they'll do everything in their power to avoid doing so and simply dissolve the nonprofit entity. Which leaves few options for staff to try and get wages, let alone families trying to claw back tuition they paid. Unfortunately, I think folks are going to have to sue the individual school leaders personally. Just in case anyone needs names, here are the folks listed as Officers and Directors in the most recent 990: Robert M. Gold Ursula A. Golladay Philip H. Cullom Mitzi Wertheim Susan A. Gold[/quote] dissolving a non-profit that is heavily in the red is not straightforward or easy. [/quote]
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