New Filing - Dowling College Inc.
Dowling College Inc.
- 11/29/16 Recap: Following the loss of its accreditation and a failed sale to a strategic, the non-profit educational institution filed for Chapter 11 with plans to effectuate a liquidation by way of sale of its Oakdale NY campus and residential portfolio. UMB Bank will fund a approximately $5mm DIP.
- Jurisdiction: E.D. of New York
- Capital Structure: ~$59mm municipal debt
- Company Professionals:
- Legal: Klestadt Winters Jureller Southard & Stevens LLP (Sean Southard, Lauren Kiss)
- Financial Advisor: RSR Consulting LLC (Robert Rosenfeld)
- Claims Agent: Garden City Group LLC (*click on company name for docket)
- Other Parties in Interest:
- DIP Lender: UMB Bank
- Legal: Mintz Levin Cohn Ferris Glovsky and Popeo PC (Ian Hammel, Eric Blythe) & (local) Garfunkel Wild PC (Adam Berkowitz)
- Official Committee of Unsecured Creditors
- Legal: SilvermanAcampora LLP (Ronald Friedman, Gerard Luckman, Kenneth Silverman)
- DIP Lender: UMB Bank
Updated 12/30/16