Higher Ed in Distress: Is There a Restructuring Solution?
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Higher Ed in Distress: Is There a Restructuring Solution?
By Joseph H. Huston Jr., Shareholder, Stevens & Lee P.C.
The financial distress being experienced by many, if not most, colleges and universities—large and small, public and private, for-profit and not-for-profit—was thrust into the public eye by the May 2015 Chapter 11 filing of Corinthian Colleges, which had 107 campuses, employed over 10,000 people...
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Joseph H. Huston Jr. is co-chair of Stevens & Lee, P.C.’s Bankruptcy and Financial Restructuring Group. He is resident in the firm’s Wilmington, Delaware, office. He has represented virtually every type of constituency in the reorganization process and related litigation, focusing particularly on official and ad hoc committees of creditors and interest holders. Huston can be reached at 302-425-3310 or jhh@stevenslee.com.
