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)

Updated 12/30/16