Wednesday, March 20, 2019
Ed Dept recommends bankruptcy for Dream Center - Ben Unglesbee, Education Dive
A federal court in Ohio temporarily extended the receivership process for Dream Center Education Holdings (DCEH), according to a statement from Aaron Ament, president of the National Student Legal Defense Network, which had representatives at a hearing Monday and has represented a group of students in the case. According to Ament, the judge's decision is meant to keep intact DCEH's computer systems, which are currently supporting several colleges that DCEH offloaded earlier this year to a separate nonprofit. Multiple creditors have challenged the legality of the receivership. In a court statement filed Monday, prior to the ruling, attorneys for the U.S. Department of Education joined other voices challenging DCEH's receivership and suggested a bankruptcy filing would better protect DCEH's and its creditors' rights.
https://www.educationdive.com/news/ed-dept-recommends-bankruptcy-for-dream-center/550188/