Quote:
Originally posted by lifesaver
I could see that, but its not IHQ's MO to close a chapter that owes a debt. They keep them open to pay it off, then close them. Happened to UT in 90 - 94. Paid off a 40K debt, then got closed. I have seen it elsewhere around here too. If they close them..they get no dinero. At least if they stay open, theres the promise of payment. Before we got all our affairs back in order, we owed about 10k, and I didnt begin to worry about ELC's shutting us down until after we got the debt paid off.
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Uh, my chapter was closed in 1989 - main reason was a large outstanding debt that we had no hope of repaying - so yes, it does happen....
Still coming to Denver for GA?
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