Corinthian Colleges, Inc. Bankruptcy New Filing Alert: Motion For Authority To Use Cash Management Systems

On May 4, 2015, a motion for authority to use cash management systems was filed in the bankruptcy case of Corinthian Colleges, Inc. and its affiliates.

The filing was assigned docket number 9 and is described on the court’s official docket as follows:

Debtors’ Motion for Entry of Interim and Final Orders (I) Authorizing Continued Use of Existing Cash Management System and Bank Accounts; (II) Waiving Certain United States Trustee Requirements; (III) Authorizing Continued Performance of Intercompany Transactions; and (IV) Granting Related Relief. Filed By Corinthian Colleges, Inc. (Collins, Mark) Modified docket text on 5/4/2015 (LMD). (Entered: 05/04/2015)

Corinthian Colleges, Inc. filed for bankruptcy protection, or had an involuntary bankruptcy petition filed against it, on May 4, 2015. The bankruptcy case is pending before the United States Bankruptcy Court for the District of Delaware. The case number for the lead bankruptcy case is 15-10952. The bankruptcy case is currently assigned to United States Bankruptcy Judge Kevin Carey. The law firm of Richards, Layton & Finger, P.A. is acting as lead bankruptcy counsel to Corinthian Colleges, Inc. in the bankruptcy case.


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