A sign of the times?
MACHESNEY PARK the 58-year-old institution has filed for protection under Chapter 11 of the U.S. Bankruptcy Code.
Chapter 11 allows Concordia to stay open and restructure its debt. Its largest creditor is JP Morgan Chase Bank at $1.56 million.
Click on he following for more details: Concordia Lutheran's mission: ‘Survive, thrive’ after bankruptcy - Rockford, IL - Rockford Register Star