Only a fraction of former students are likely to file a claim in Corinthian Colleges Inc.’s bankruptcy case, according to a law firm representing them, as students armed with little information face numerous administrative tasks to recoup losses, the Wall Street Journal reported today. “If the process goes as it is, maybe 6 percent of students will file the appropriate papers,” said Mark Rosenbaum of Public Counsel, which is one of the law firms representing students in Corinthian’s bankruptcy case. Any of the 81,000 former Corinthian students who believe they were defrauded by the schools, which include Everest, Heald and WyoTech campuses, are eligible to submit claims to the bankruptcy court. Students have until July 20 to complete the forms, or they could forfeit their right to any recovery in Corinthian’s bankruptcy case.
