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)

Updated 12/30/16