A Boon to Big Firms as Corinthian Colleges Goes Bust

A week after shuttering its last 28 campuses in the aftermath of a crippling settlement with the U.S. Department of Education last year, Corinthian Colleges filed for bankruptcy Monday in Delaware. The for-profit company’s Chapter 11 filing marks the largest collapse of a higher education provider in U.S. history and reveals some of Corinthian’s mounting legal bills ahead of its demise.

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