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ITT Prepares For Bankruptcy

September 16, 2016 James Allene

ITT Educational Services Inc is preparing to file for bankruptcy, following an announcement last week that the company would be closing its 137 college campuses in 39 states. The for-profit college operation had approximately 35,000 enrolled students and 8,000 employees. According to sources familiar with the matter, a bankruptcy law firm and restructuring consultants have been hired to help with the bankrupty filing.
http://feeds.reuters.com/~r/Reuters/domesticNews/~3/nA9YQ1gsqZM/us-itt-eduction-bankruptcy-idUSKCN11L21D
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