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

On May 26, 2015, an order regarding the 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 199 and is described on the court’s official docket as follows:

Order (Final) (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. (related document(s)[9], [25], [178]) Order Signed on 5/26/2015. (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.


Leave a Reply