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Debt Management

College Of New Rochelle Announces Date For Final Classes After 115 Years College Of New Rochelle Announces Date For Final Classes After 115 Years
College Of New Rochelle Announces Date For Final Classes After 115 Years The end is (nearly) here. After 115 years, the College of New Rochelle has announced the date it will host its last class after being forced to shutter its doors due to a financial crisis. The last classes will be held at the college on Saturday, Aug. 10, making the end of the institution following a three-year financial crisis. The college recently held its final graduation ceremony. Earlier this year, the college announced that it had entered  into an Agreement of Mutual Cooperation that will “ensure a seamless transition for CNR students to continue their education at Mercy College…
Dollar Tree To Shut Down 390 Family Dollar Stores Dollar Tree To Shut Down 390 Family Dollar Stores
Dollar Tree To Shut Down 390 Family Dollar Stores Dollar Tree is closing at least 390 Family Dollar stores and will rebrand 200 others, the company announced in releasing its fiscal fourth-quarter earnings this week. Dollar Tree CEO Gary Philbin announced the plans on Wednesday, which will include renovating some locations to sell alcohol and $1 Dollar Tree merchandise sections. As many as 400 stores will get expanded refrigeration sections and some Family Dollar discount stores will be rebranded to the Dollar Tree brand. In total, the discount chain lost approximately $2.3 billion by the end of the fourth quarter. “We are further acceler…
Third School Steps Up To Help Displaced College Students In New Rochelle Third School Steps Up To Help Displaced College Students In New Rochelle
Third School Steps Up To Help Displaced College Students In New Rochelle A third university is stepping up to offer a helping hand to students at the College of New Rochelle, which is expected to shutter its doors at the conclusion of its summer semester. In 2016, the college’s Board of Trustees was alerted about “significant unmet financial obligations that had accrued over a period of time.” The Board subsequently launched an investigation and enlisted the help of officials to restructure and manage CNR’s finances. A forensic accountant and outside legal counsel were also hired to perform the investigation. Last week, the college announced that after 115 years…