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For-Profit College Files Bankruptcy, Owes $19.5 Million to Landlord

Submitted by jhartgen@abi.org on

The parent of for-profit Mattia College filed for chapter 11 protection on Feb. 29 shortly after it closed its schools in West Kendall and Doral, the South Florida Business Journal reported today. Professional Training Centers listed assets and liabilities both in the range of $1 million to $10 million. It’s owned by Antonio Mattia, and it is likely the case will be converted into a chapter 7 liquidation, according to court filings. Mattia College, which provided training for medical and dental assistants, lost its accreditation status and its ability to receive government-backed student loans. It had more than 500 students and 100 employees before it closed, according to a motion to convert the case to chapter 7 liquidation by U.S. Bankruptcy Trustee Guy Gebhardt.