What does Financial Ruin really mean?

pitchman

Dear Community,

The news that Willard College has gone into receivership has been now widely circulated. We in the administration are still trying to determine what exactly this means, whether it is true, and whose fault it is. In addition, we feel that the financial challenges may be related to the several active lawsuits against Willard College by former, current, and future students. Finally, we are looking into the allegation that the financial problems are likely the result of no wrong doing on the part of myself, President Henry Cotton.

Sincerely, President Cotton

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