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.
May 04, 2015 at 06:02 PM
1 minute read
The original version of this story was published on The American Lawyer
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 and announced plans to liquidate its operations.
Corinthian’s Chapter 11 filing reportedly marks the largest collapse of a higher education provider in U.S. history and reveals some of the Santa Ana, California-based company’s mounting legal bills ahead of its demise.
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