Monday, July 20, 2020

Bankrupt Universities

COVID-19 pushed institutions of higher education into increasingly dire financial conditions, as exemplified by the recent mass layoffs of tenured faculty at the University of Akron. Although some of the worst hit have been state universities, who have seen the state funding levels drop overnight, nonprofit universities are hardly immune. As we enter a rocky period for universities and colleges, the research of Matthew Brucker (Howard) into university bankruptcy has become urgently (if unfortunately) relevant:

Bankrupt Public Colleges, forthcoming

Terminating Tenure: Rejecting Tenure Contracts in Bankruptcy, 92 AM. BANKR.L.J. 255(2018)

Bankrupting Higher Education, 91 AM.BANKR.L.J. 697 (2017)

https://lawprofessors.typepad.com/nonprofit/2020/07/bankrupt-universities.html

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