University of the Arts in Philadelphia files for bankruptcy

Name: University of the Arts in Philadelphia files for bankruptcy
Uploaded: 2024-09-13T20:06:00-0400
Duration: 44 s
Description: The University of the Arts filed for bankruptcy on Friday. This means UArts will liquidate assets by selling its Center City real estate. Proceeds from the sales would be used to pay off a $46 million bond debt. According to the court filing, the school's total debt is $67 million.

The University of the Arts filed for bankruptcy on Friday. This means UArts will liquidate assets by selling its Center City real estate. Proceeds from the sales would be used to pay off a $46 million bond debt. According to the court filing, the school's total debt is $67 million.