Comment on Charter school bankruptcy opens some "closed" books

Charter school bankruptcy opens some "closed" books

The company that abruptly closed three Acclaim Academy charter schools, including one in Duval County, weeks before the end of the school year, recently sought protection under Chapter 7 bankruptcy. Acclaim Academy of Florida owes more than $2.5 million but has only $82,000 in the bank and is owed $162,000 in refunds, court documents show. Over the past three years Acclaims schools in Duval, Orange and Osceola counties generated $13.4 million in revenues.

 

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