No Halo News · Sourced development
Saint Augustine's files for Chapter 11 bankruptcy with $50 million to $100 million in liabilities
Saint Augustine's filed a voluntary Chapter 11 bankruptcy petition on April 27, 2026. The filing listed estimated liabilities of $50 million to $100 million and between 200 and 999 creditors. Subsequent reporting described more than $14 million owed to the Internal Revenue Service and $8 million to other federal agencies. Bankruptcy proceedings remained underway in August.
Status matters. This page records a sourced development, not a completed No Halo investigation. An allegation is not a finding. Dismissals, settlements, judgments, corrections and final outcomes remain distinct.
Donor relevance
Why this matters
The bankruptcy creates substantial uncertainty about the university's financial capacity and continuity of instruction. This filing is distinct from its later suspension of fall classes. The affected legal entity and EIN are confirmed by its tax-filing profile.
Classification
How No Halo records this event
Event type: Financial Distress. Current state: Open. No Halo preserves the current procedural state rather than treating every mention as a finding.
Published April 28, 2026 · Last verified September 10, 2026. See an error or a later outcome? Submit a correction or right of reply.