Sig Chi Chapter 11

Sigma Chi, facing severe financial troubles, has filed for Chapter 11 bankruptcy in an attempt to restructure its debts and stabilize its operations. The fraternity's financial woes have been attributed to a combination of declining membership, rising operational costs, and the burden of lawsuits. In a surprising turn of events, Phi Delta Theta, a fellow Greek organization, has agreed to step in and provide a bailout, offering financial support and strategic guidance to help Sigma Chi navigate its recovery. This unexpected partnership could help Sigma Chi regain its footing, with Phi Delt offering both monetary assistance and a framework for revitalizing the fraternity’s national presence.