CLEVELAND -- The state of Ohio moved in Friday and took control of the former International Preparatory School's property.

The charter school was forced to close after the state auditor uncovered financial problems, but angry parents say they are prepared to fight for their children's education, reported 5 On Your Side's Debora Lee.

The state attorney general seized the school's assets and padlocked the buildings. Documents show the state is trying to recover hundreds of thousands of dollars from the charter school, which went out of business on Monday.

The closing angers parents and faculty.

"This is not about money anymore. This is about our children being denied an education," said school employee Rodney Young.

Parent Damira Hawthorne said, "It's a slap in the face for you to come in and say that an organization that has served my children wonderfully needs to be shut down."

Hawthorne said another problem is that the children's records are locked inside the building, making enrolling them in others schools more difficult.

The Ohio Department of Education told NewsChannel5 that students can enroll in other schools with just proof of residence for now.

But frustrated parents say they've already lost too much time.

"What do we do as parents when we start getting truancy letters about our children not being in school?" said Hawthorne. "What do we do as parents when they've missed out on time to study for proficiencies and the Ohio Achievement Test? That's not fair."

The court order is in effect for 14 days, but neither the state nor the school expect the case to end there.

Some of the parents and other supporters of the charter school said they would be meeting with an NAACP attorney to discuss their next move.