Video: Morris Brown College Announces Bankruptcy to Avoid Pending Foreclosure

Following last week's news that , the school decided to hold a prayer vigil and community event of sorts on Saturday to respond publicly to the notice and to hold fellowship with its supporters.

All day Saturday afternoon, hundreds of supporters, alumni, administrators and faculty members gathered on the campus of Morris Brown College for what they called, "A Day of Prayer."  The keynote speaker was Rev. Preston Warren Williams II who became the Chairman of the Board of Trustees just a few short months ago.

Mr. Williams brought attention to 3 immediate actions that the board will put into place to fight the most recent struggles.

1. File Bankruptcy - This will stop the foreclosure proceedings and give the school time to pay-off its debts.
2. Restructure - To signal to everyone across the world, that the school is serious about meeting its challenges.
3. Form Committees - The committees will focus on key areas and be filled by leaders in their respective professions. This will be transparent and unbiased.

The event was less a press conference and more of a rally for its supporters.  Over 200 hundred people braved the skyrocketing temperatures within the Morris Brown gym which had no air condition.  Supporters who were students over 50 years ago, and recent students clapped and sang together during the proceedings.

Probably the biggest applause was when Caesar Mitchell, President of the Atlanta City Council, spoke and told the audience that they were not here to hear a eulogy.  "Morris Brown College is not dead."

If the plan unfolds as intended, the college foresees being able to have a little time to raise the proper funds to pay all of its debtors, and to then focus on rebuilding itself as top institution for education so it can continue for another 130 years.

If you are intersted in helping Morris Brown College during these times, they have started a Recovery Fund to accept donations.  You can access it via their website or you can choose to send a check to them.  All the information is located at www.morrisbrown.edu.