WINSTON-SALEM, N.C. (AP) - A judge says the foreclosure sale of a North Carolina church can proceed as planned after denying a motion that would have forestalled the sale.
The Winston-Salem Journal reports the sale of the Greater Cleveland Avenue Christian Church in Winston-Salem is scheduled for Friday. The church is one of Winston-Salem’s oldest African American churches, founded in 1893.
Federal bankruptcy Judge Catharine Aron announced the decision on Thursday after denying a church motion on Wednesday to modify its reorganization plan to help keep it in its building.
People were interested in these podcasts
The church had asked Aron to modify its loan from Tennessee-based Apex Bank to provide more time to pay the $3.3 million it owed, but Aron said the church couldn’t afford the financing costs.
The church filed for Chapter 11 protection in April 2018.
___
Information from: Winston-Salem Journal, http://www.journalnow.com
Please read our comment policy before commenting.