Students Seek Justice in Corinthian Colleges Bankruptcy
Student Isaac Barragan (with daughters), student Nathan Hornes, and attorney Mark Rosenbaum at the press conference announcing students' legal action against Corinthian.
On May 13, The U.S. Trustee's Office granted the request by Public Counsel and Robins Kaplan LLP to form a special committee to represent the interests of students of the recently-collapsed Corinthian Colleges Inc. The honoring of the seldom-granted request is a victory for the estimated 500,000 students impacted by Corinthian's collapse, giving them meaningful participation in the bankruptcy process.
Public Counsel joins Robins Kaplan LLP in representing the student group, which aims to put the important topics of discharge of student debt on the agenda for discussion and will ensure that a plan provides all student creditors both a voice and a vote.
Get the latest updates here on our efforts to provide resolution to these students, including the ability to take advantage of existing laws to access debt discharge, tuition repayment and/or refunds, in a case that will significantly affect the finances and futures of potentially hundreds of thousands of students.
Aug. 26, 2015 -- Plan Confirmation Hearing. The Student Committee is supporting a plan that will allow former students of Corinthian Colleges defense to repayment. Stay tuned for more details on next steps. (View Student Committee Letter in Support of Plan)
June 9, 2015 -- Committee Requests Freeze on Student Loan Collection in Bankruptcy of For-Profit College (View Press Release)
- Law360, "Corinthian Students Say Stay Wouldn't Jam DOE Relief Plan," by Matt Chiappardi, June 26 (subscription required)
- Dow Jones, “Government Opposed Motion for Corinthian Loan Freeze,” by Stephanie Gleason, June 24
- The Wall Street Journal, “As Corinthian Claim Deadline Approaches, Few Students Expected to File,” by Stephanie Gleason, June 23
May 15, 2015 -- Student Committee Members Named (Link to Committee Site)
- Bloomberg BusinessWeek--A Test Case for Burned Student Borrowers--By Karen Weise and Janet Lorin; May 28
- Reuters--Corinthian collapse sparks effort to cancel student loan debt--By Tom Hals; May 19
- Business Insider--Students of a collapsed college made an unprecedented move to get their money back--By Abby Jackson; May 18
May 13, 2015 -- U.S. Trustee's Office Grants Students' Request to Form Special Committee of Creditors to Represent Claims in Corinthian Colleges Bankruptcy. With estimated claims of $25 billion, Committee will provide harmed students with a voice. (View Press Release)
- The Hill—Corinthian students get special committee in bankruptcy case—By Lydia Wheeler; May 15
- MarketWatch—Former Corinthian students to have a say in college’s bankruptcy—By Jillian Berman; May 15
- Bankrupt Company News—Corinthian Colleges Committee Approved—By Ben Schlafman—May 14
- National Law Journal—New Student Committee Seeks $25B from Bankrupt Corinthian—By Amanda Bronstad; May 14
- The Wall Street Journal—Corinthian Colleges Students Win Official Committee Role—By Melanie Cohen; May 14
- Law360—Corinthian Colleges Students Get Seat At Bankruptcy Table—By Pete Brush; May 14
- Central Valley Business Times—Ex-Corinthian students get a voice—May 14
- The Chronicle of Higher Education—Former Students Will Get a Seat at the Table in Corinthian’s Bankruptcy Casey—By Andy Thomason; May 13
- National Law Journal—Lawyers for Students of Defunct Corinthian to Meet with Trustee—By Amanda Bronstad; May 13
- Bloomberg BNA—Corinthian Students Seek Committee To Protect Possible $25 Billion in Claims—By Stephanie Cumings; May 12
- Politico—Corinthian bankruptcy battle brewing—By Caitlin Emma; May 12
- The Wall Street Journal—Corinthian Students to Receive Official Committee Representation—By Stephanie Gleason; May 13
- The New York Times—Former Students Seek to Shape Corinthian Colleges Bankruptcy—By Tamar Lewis; May 12 (article also picked up by a number of additional outlets, including American Bankruptcy Institute and The Wall Street Journal Bankruptcy Blog)
- The Hill—Senate Democrats Call on VA to Help Student Vets at Corinthian Colleges—By Lydia Wheeler; May 12
- Law360—Corinthian Students Want Chapter 11 Committee for $25B Claims—By Matt Chiappardi; May 11
May 4, 2015 -- Students Take Legal Action, Demand Seat at the Table In State of California Suit Against Now-Defunct Corinthian Colleges. Corinthian students seek to intervene, creating landmark, first-of-its-kind opportunity for interests of entire class of students to be heard. (View Press Release)
- WSJ MarketWatch--Corinthian Colleges files for bankruptcy protection; students scramble for restitution--By Jillian Berman; May 4
- CBS--Corinthian Schools File For Bankruptcy After Closing California Campuses--By Leyna Nguyen; May 4
- ABC7--Former Corinthian Colleges Students Plan to File Lawsuit Against For-Profit Organization--By Amy Powell; May 4
- NBC4--Graduates of Closed Corinthian Colleges Want Their Student Loans Forgiven--By Patrick Healy and Asher Klein; May 4
- NBC4--Corinthian Students: I Thought I Was Bettering Myself--By Tommy Bravo; May 4
- UPI--Collapse of Corinthian Colleges exemplifies for-profit detriment--By Andrew V. Pestano; May 4
Frequently Asked Questions (updated May 4, 2015)
Timeline of Events (updated May 4, 2015)
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