Frazer School files Chapter 11 bankruptcy, seeks $5 million from former owner
The Frazer School, a private Gainesville institution, filed for Chapter 11 bankruptcy protection in the Northern District of Florida on Friday. Current school leaders sent a letter to former owner James Schrader demanding $5 million, alleging he diverted money raised for Frazer into a separate venture, Newberry Christian Community School.
Sources: The Gainesville Sun · WCJB TV20