Corinthian Colleges [SEP] inception
subsidiaries filed for Chapter 11 bankruptcy in the United States Bankruptcy Court for the District of Delaware.
History.
Corinthian Colleges was founded in February 1995. The five founders — David Moore, Paul St. Pierre, Frank McCord, Dennis Devereux, and Lloyd Holland — were executives at National Education Centers, Inc. (NECI), a for-profit operator of vocational schools based in Irvine, California. The stated plan of these founders to acquire schools that were fundamentally sound, but which for one reason or another were performing
Everest College
Everest College is a system of colleges in the United States, and with Wyotech, make up Zenith Education. It was until 2015 a system of for-profit colleges in the United States and the Canadian province of Ontario, owned and operated by Corinthian Colleges, Inc. In 2015, Corinthian ceased operating and filed for bankruptcy. While most Corinthian-owned colleges were closed in early 2015, Educational Credit Management Corporation (ECMC), a non-profit, took ownership of more than half of Corinthian Colleges'