Education Corp. of America Creditors Aim to Force Bankruptcy
Jan. 6, 2020, 7:53 PM
Monroe Capital Private Credit Fund II LP and other creditors file an involuntary Chapter 11 bankruptcy case against Education Corporation of America.
- Monroe, as lender under agented loan facility, lists a claim of about $1.5 million in court papers filed in Delaware
- Education Corp. of America was a for-profit colleage operator
- SEE: For-profit College Closes Operations, Surprising Students
- Case is Education Corporation of America, 20-10034, U.S. Bankruptcy Court for the District of Delaware
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