Anthology Inc. Considers Bankruptcy, Faces Lender Takeover

A company called Anthology, which makes software for schools, might declare bankruptcy because it owes a lot of money.

A group of lenders, led by Nexus Capital Management, could take over the company in exchange for the debt.

The plan involves reorganizing the company and possibly selling off some of its assets.

Anthology is also seeking a loan to help during the bankruptcy process.

The company believes they are still providing good solutions for their customers despite the situation.

Moody’s lowered its credit rating due to the decline in new bookings and increased customer loss.