Shuttered liberal-arts school Dowling College sought chapter 11 protection yesterday in order to sell its Long Island campuses, the Wall Street Journal reported today. Dowling bankruptcy attorney Sean C. Southard said yesterday that the school, which ceased operating in August after losing its accreditation, will use the breathing room of bankruptcy to sell its real estate and other remaining assets “for the maximum value achievable under the circumstances.” Dowling has two campuses to its name, one in Oakdale, N.Y., and the other in Shirley, N.Y. The school estimates its total assets to be worth between $100 million and $500 million, according to papers filed with the U.S. Bankruptcy Court in Central Islip, N.Y. It reported debts of $50 million to $100 million.
