Marquette County YMCA saddled with debt, files bankruptcy - WNEM TV 5

Marquette County YMCA saddled with debt, files bankruptcy

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MARQUETTE, MI (AP) -

 A YMCA in the Upper Peninsula has filed for bankruptcy.
   The YMCA in Marquette County says the move won't affect daily operations while it tries to deal with $4.8 million in debt. Nearly $3 million is owed on a mortgage held by the federal government.
   The Chapter 11 filing, made Friday, will allow the YMCA to reorganize. In a letter, the group's current leaders say previous leaders incurred "extreme debt" during an "aggressive expansion" in the Marquette area.
   The group has been operating in Marquette County since 1995.

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