Corinthian Colleges, Inc. Bankruptcy New Filing Alert: Motion For Authority To Sell Assets Of The Estates Pursuant To Section 363 Of The Bankruptcy Code

On May 6, 2015, a motion for authority to sell assets of the estates pursuant to section 363 of the Bankruptcy Code was filed in the bankruptcy case of Corinthian Colleges, Inc. and its affiliates.

The filing was assigned docket number 41 and is described on the court’s official docket as follows:

Motion For Sale of Property Free and Clear of Liens under Section 363(f)(FEE) (Debtors’ Motion for an Order (I) Authorizing the Debtors to Conduct and Consummate Asset Sales Exceeding the Thresholds Set Forth in the De Minimis Asset Sale Order; (II) Approving Such Sales; and (III) Granting Certain Related Relief) Fee Amount $176 Filed by Corinthian Colleges, Inc.. Hearing scheduled for 5/27/2015 at 02:00 PM at US Bankruptcy Court, 824 Market St., 5th Fl., Courtroom #5, Wilmington, Delaware. Objections due by 5/20/2015. (Attachments: # (1) Notice # (2) Exhibit A # (3) Exhibit B) (Steele, Amanda)

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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