Slavery Museum Files Reorganization PlanBreaking News
RICHMOND, Va. – The U.S. National Slavery Museum former Gov. L. Douglas Wilder hoped to open in Fredericksburg, Va., filed a reorganization plan in federal bankruptcy court on Feb. 17. The plan proposes a way for the museum to resume operations and pay off its debts of over $7 million.
The museum filed for Chapter 11 protection from its creditors last September following 10 years of controversy, strained relations with the city, shaky finances and a penchant for secrecy (see November 2011 CWN).
A hearing on the disclosure statement about the museum’s assets and debts has been set for April 11. At a subsequent hearing the reorganization plan will be discussed and at that or a follow-up hearing, the creditors will vote whether to accept the museum’s proposed reorganization plan....
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