# @historicallyblacksince on Instagram

- **Type:** Image
- **Original URL:** https://www.instagram.com/p/DX4i05iDqsL
- **Gondola URL:** https://gondola.cc/posts/64972210-historicallyblacksince-instagram
- **Thumbnail:** https://img.gondola.cc/tr:w-,h-,fo-auto/postThumbnails/ed521af4a5.jpg
- **Posted:** 2026-05-03T16:38:33.000+00:00
- **Account Owner:** Historically Black Since- HBCU (@historicallyblacksince) — https://gondola.cc/historicallyblacksince

## Caption

HBCU Updates: North Carolina HBCU , Saint Augustine’s University,  has filed for Chapter 11 bankruptcy as part of a strategic move to address its financial challenges. Chapter 11 allows the university to reorganize its debt while continuing operations under court supervision.

📍University officials say the decision was made by the Board of Trustees to support long-term sustainability while managing current financial realities.

According to court documents, the university estimates assets between $100 million and $500 million, while owing between $50 million and $100 million to creditors — including over $14 million to the IRS.

While the university remains operational and accredited for the current semester, officials confirmed they will not continue litigation related to accreditation beyond May 15.

🎤 #HBSinceNews host deucetvcker 

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#hbcu #historicallyblacksince

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## Tags

hbcu, historicallyblacksince, hbsincenews

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