Flickr / Elmira College ITT Educational Services filed for bankruptcy on Friday to liquidate its business after the U.S. government restricted financial aid to new students of the U.S. for-profit college operator. The filing follows ITT's decision earlier this month to shut its 137 technical college campuses in 39 states, a move affecting about 35,000 students and 8,000 employees. Reuters on Thursday reported ITT had hired restructuring consultants Alvarez & Marsal LLC and bankruptcy law firm Fa...
Flickr / Elmira College ITT Educational Services filed for bankruptcy on Friday to liquidate its business after the U.S. government restricted financial aid to new students of the U.S. for-profit college operator. The filing follows ITT's decision earlier this month to shut its 137 technical college campuses in 39 states, a move affecting about 35,000 students and 8,000 employees. Reuters on Thursday reported ITT had hired restructuring consultants Alvarez & Marsal LLC and bankruptcy law firm Fa...
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