Georgia Student Housing, College Board Get Bankruptcy Mediator

Bankrupt student housing company Corvias Campus Living - USG LLC won its bid to enter mediation to resolve disputes with the board of regents for Georgia’s public colleges and holders of more than $526 million in secured notes.

The mediation is set to take place in Atlanta in mid-August, the US Bankruptcy Court for the District of Delaware said in a Tuesday order.

Out-of-court negotiations with the Board of Regents of the University System of Georgia and the secured noteholders have been unsuccessful, Corvias said when it requested the mediator earlier this month.

Parties are expected to agree on ...