JONESBORO, AR (KAIT) - Ridgefield Christian School in Jonesboro filed for bankruptcy at the beginning of this year, but now school administrators say things are on track.
The school has completed the Chapter 11 bankruptcy reorganization process.
They will continue to pay 100% of the bondholders' principal, but at a lower interest rate.
Ridgefield Christian School Board of Directors President Doug Imrie said the restructuring will allow the school to focus on further advancements and long-range planning.
He also said they appreciate all the support they have gotten from RCS families and the community during this process.
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