The bankruptcy trustee sifting through the wreckage left when the ITT Technical Institute chain of schools collapsed says the Consumer Financial Protection Bureau and other government agencies are getting in her way, the Wall Street Journal reported today. Deborah Caruso, the trustee, wants the CFPB sidelined by court order, along with the Securities and Exchange Commission and attorneys general for Massachusetts and New Mexico, as well as others that sued the troubled for-profit educational company before it filed for bankruptcy last month. On Tuesday in U.S. Bankruptcy Court in Indianapolis, Judge James Carr set the matter for a hearing Nov. 2. Caruso is asking for an injunction barring government agencies from continuing their legal march on ITT Tech. Additionally, she wants a halt to lawsuits aimed at the company’s former executives.
