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Corinthian Colleges files for bankruptcy
Corinthian Colleges files for bankruptcy

Corinthian Colleges Inc. formally filed for bankruptcy Monday, a week after closing its remaining two dozen campuses and leaving 16,000 students scrambling for alternatives. The move brings closure to years of troubles for the Santa Ana company, one of the nation's largest for-profit education providers, which still faces lawsuits and investigations by more than a dozen state attorneys general and federal authorities over allegations of fraudulent marketing to recruit students.  In its Chapter 11 bankruptcy filing in Delaware, the company listed assets of $19.2 million and liabilities of $143 million. According to the company's chief restructuring officer, William...

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