- July 11 payroll, 2. finalized agreement with ED, or 3. bankruptcy
9 replies (most recent on top)
I don't think their aim is to get ED money at this point. They know it's the end.
Bankruptcy will stop the CA AG, but it would take a lot more to get a bankruptcy judge to order ED to just send money.
Based on what I know, dealing with ED is a waste of time. Bankruptcy is the way they to go.
Bankruptcy won't be effective to stop ED or the AG lawsuits.
My superiors are telling me that ECP Online instructors are safe, only Heald will face layoffs and that CCI itself will be sold to another company; that we have nothing to worry about. Somehow I find that hard to believe.
There's really nothing that they could be disagreeing about at this point, since CCi isn't in a position to make any demands. It's more likely that the 4th floor twits have decided to disengage from the process while they finalize a bankruptcy and protect their personal assets.
So what could they not be agreeing on? What's the holdup? ED wants us to close ASAP?
With each hour that passes without a deal, bankruptcy seems to be the most probable first event.
OK, I'll take a stab at it. Only one of the three happen - declare bankruptcy. They don't make payroll and stop dealing with ED entirely.