printer friendly version
Si Tanka University files for bankruptcy in court
Wednesday, May 11, 2005
Si Tanka University in South Dakota filed for bankruptcy in federal court, listing only $330,000 in assets and $5.6 million in liabilities.
The bankruptcy filing reflects financial problems faced by the school's former Huron campus, located off the Cheyenne River Sioux Reservation.
The campus was closed this spring due to lack of funding.
Si Tanka defaulted on $6.6 million worth of loans, faces a $2 million federal tax lien and has an 80-page list of people it owes money, according to the court papers.
Get the Story:
Si Tanka files list of assets, liabilities
(AP 5/11)
Relevant Links:
Si Tanka University -
http://www.sitanka.edu
Related Stories:
Graduation announced for Si Tanka University
(04/21)
Si Tanka University
files bankruptcy papers (04/11)
Buyers
line up for failed Si Tanka University campus (4/6)
Tribe to consider fate of failed Si Tanka
University (4/5)
Editorial: Too much
missing money at Si Tanka (4/1)
Si Tanka
students, faculty empty troubled campus (3/30)
Faculty at troubled Si Tanka University campus quit
(3/29)
Si Tanka University loan limited
to reservation campus (3/28)
Si Tanka
University students, faculty frustrated (3/25)
Tribe finds money to keep Si Tanka University open
(3/23)
Si Tanka University to raise $1M
to stay open (3/21)
Si Tanka University
to discuss future of school (3/18)
BIA
puts off decision on Si Tanka University (3/17)
Si Tanka wrapping up discussions with BIA
(3/15)
Si Tanka continues effort to
secure federal funds (3/14)
Si Tanka
University campus to shut down by April 1 (3/11)
Editorial: Closure of Si Tanka campus a 'shame'
(3/11)
Si Tanka University assures
students of financial aid (3/9)
Tribe,
Si Tanka University go to Washington for funds (3/8)
Tribe blasts BIA for lack of Si Tanka University
funds (3/7)
Cheyenne River Sioux Tribe
acts on Si Tanka plan (3/4)
BIA won't
give money to Si Tanka University (3/2)
Editorial: Hard to be optimistic on tribe's
college (01/27)
Tribally-controlled
university seeks federal funds (01/18)
South Dakota tribe's university hopes to pay off
debts (12/17)
South Dakota tribe's
college still in limbo (12/10)
South
Dakota tribe's college on shaky ground (11/19)
Editorial: Tribe's college should stay open
(10/29)
Tribe's college faces uncertain
financial future (10/21)
Tribal college
camp to immerse students in Lakota (05/24)
S.D. tribe's college undergoing financial woes
(7/14)
College seeks $9.5
million in aid from tribe (03/20)
Copyright © 2000-2005 Indianz.Com
