IMPORTANT INFORMATION FOR DISH SUBSCRIBERS – SERVICE INTERRUPTION – CLICK HERE

Judge to review National Slavery Museum’s plan to get out of debt

This is an archived article and the information in the article may be outdated. Please look at the time stamp on the story to see when it was last updated.
slaverymuseumnosuper

RICHMOND, Va. (WTVR) –  A U.S. Bankruptcy judge is set to review a debt recovery plan for the National Slavery Museum at a confirmation hearing being held Wednesday.

The hearing will determine if the slavery museum can emerge from bankruptcy. Last week, an attorney for the museum submitted a revised plan that would help the project, headed up by former Governor Doug Wilder, get out of debt totaling more than $7 million.

According to court documents, the museum’s debt includes about $250,000 in back taxes owed to the City of Fredericksburg.

Part of the recovery plan proposes the sale of more than half of the 38 acres of land in Fredericksburg, where the museum was slated to be built.

Lawyers for the city are pushing for the judge to dismiss the proposal, calling it “unrealistic and remote”.

Follow

Get every new post delivered to your Inbox.

Join 5,753 other followers