1. dailynews

Bankruptcy puts off foreclosure sale of Christian school in Maryland

Sept. 22, 2009
Progressive Christian Academy in Prince George's County remains open for now

From The Washington Post: A financially troubled Christian school in Prince George's County, Md., has filed for Chapter 11 bankruptcy protection, staving off the sale of the property in a foreclosure auction that was scheduled for Tuesday, according to the auctioneer. It is unclear how much longer the Progressive Christian Academy can remain open. The Progressive Baptist Church owes $2.86 million on its mortgage and at least an additional $1.88 million in overdue state and federal taxes, according to foreclosure documents.

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