Bankrupt Montessori Operator Seeks Restructuring Deal Approval

Higher Ground Education Inc., an owner and operator of Montessori schools, requested court approval for a restructuring support agreement with creditors to fund its Chapter 11 bankruptcy.

The operator’s agreement would reorganize the business, including $8 million to fund the bankruptcy case, asset transfers, and the treatment of creditor claims, according to a Thursday filing in the US Bankruptcy Court for the Northern District of Texas.

Higher Ground Education contended that the assumption of the support agreement is “critical to the debtors’ success in obtaining approval of the plan.”

The supporting parties include the Montessori network, Guidepost Global Education Inc., ...