Bankruptcy Law News

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

To contact the reporter on this story:
Jeremy Hill in New York at jhill273@bloomberg.net

To contact the editors responsible for this story:
Rick Green at...

To read the full article log in. To learn more about a subscription click here.