Judge says NC church foreclosure sale can proceed as planned

May 24, 2019 - 5:23 am

WINSTON-SALEM, N.C. (AP) — A judge says the foreclosure sale of a North Carolina church can proceed as planned after denying a motion that would have forestalled the sale.

The Winston-Salem Journal reports the sale of the Greater Cleveland Avenue Christian Church in Winston-Salem is scheduled for Friday. The church is one of Winston-Salem's oldest African American churches, founded in 1893.

Federal bankruptcy Judge Catharine Aron announced the decision on Thursday after denying a church motion on Wednesday to modify its reorganization plan to help keep it in its building.

The church had asked Aron to modify its loan from Tennessee-based Apex Bank to provide more time to pay the $3.3 million it owed, but Aron said the church couldn't afford the financing costs.

The church filed for Chapter 11 protection in April 2018.


Information from: Winston-Salem Journal, http://www.journalnow.com

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