December 30, 2023 11:41 am
Rochester charter schools serving Somali children declare bankruptcy, leaving future in doubt
A Rochester charter school organization filed for bankruptcy earlier this month after years of legal tussles over its debt, prompting concerns for its future.
The Rochester STEM Academy and Rochester Math and Science Academy, which serve kindergarten through 12th grades in one building, filed for Chapter 11 reorganization on Dec. 6. The move was in response to pressure from Kansas City-based UMB Bank, which holds more than $15 million in debt the school borrowed in 2018.