Lourdes University in Sylvania filed for bankruptcy Monday.
The university board of trustees voted unanimously to authorize the filing for Chapter 11 “to support an orderly winddown of the University’s operations, the settlement of its remaining affairs, and the disposition of its assets,” according to a news release.
“This was a difficult but necessary decision,” Jonnie Hodges, board chairman, said in a statement. “The Board has worked carefully and deliberately to evaluate the University’s financial position and the alternatives available to us.”…