THE MARQUETTE COUNTY YMCA can finally wake up from its two and a half year old financial nightmare. U.S. Bankruptcy Judge John Gregg today (Thursday) accepted the YMCA's reorganization plan to pay back its 13 creditors. The Y's debts originally totaled more than $7 million. After a selling off of some assets, ... Continue Reading
YMCA Files for Chapter 11
NOBODY LIKES THE dreaded "b" word. It sounds so much better when you call it "reorganization." Call it what you want, but today after a long, difficult year, the Marquette County YMCA filed for Chapter 11 bankruptcy. That means it's asking the court to "reorganize" its debts that still total nearly $5 million. What ... Continue Reading