LIVERMORE After more than a years worth of controversy including accusations of fiscal mismanagement, charging tuition to foreign exchange students and child cruelty charges two Livermore charter schools are set to close.
The Tri-Valley Learning Corporation board, which managed the charters, directed its attorney on Tuesday to file for Chapter 7 bankruptcy, or a liquidation of all the companys assets. TVLC already had filed for Chapter 11 bankruptcy in November, but this new filing means all assets will be sold to pay off creditors.
At the same time, the Livermore Valley Unified School District, which granted the charter schools petitions to operate, has plans to start the revocation process, which would mean the charters could no …
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