Corinthian Colleges, Inc. Bankruptcy New Filing Alert: Order Regarding The Motion For Authority To Obtain Debtor-In-Possession Financing

On May 5, 2015, an order regarding the motion for authority to obtain debtor-in-possession financing was filed in the bankruptcy case of Corinthian Colleges, Inc. and its affiliates.

The filing was assigned docket number 24 and is described on the court’s official docket as follows:

Order (Interim) Pursuant to 11 U.S.C. §§ 105, 361, 362, 363 and 507 (I) Authorizing the Use of Cash Collateral; (II) Granting Adequate Protection to Prepetition Secured Parties; (III) Scheduling a Final Hearing; and (IV) Granting Related Relief. (related document(s)[8]) Order Signed on 5/5/2015. (Attachments: # (1) Exhibit “A”) (LMD)

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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