Judge orders end to Dream Center’s ill-fated receivership – Education Dive

Dive Brief:

• A federal judge in Ohio ordered an end to Dream Center Education Holdings’s (DCEH) receivership, the legal process that began in January that gave it protection from creditors as it tried to sell off and reorganize its remaining assets.
• The order allows for the current semester to be completed at Western State College of Law and Art Institute of Las Vegas, DCEH’s two operating institutions that remain. After May 31, oversight of DCEH’s remaining assets and operations will be turned over to a federal bankruptcy court.
• Magistrate Judge Thomas Parker noted in the order that the court-appointed receiver, Mark Dottore, and Studio Enterprise Manager — a for-profit educational services company involved in the spinoff of eight Art Institutes and some South University system campuses — have been unable to reach an agreement around preserving DCEH’s information technology system. The court asked for the agreement after most of DCEH’s remaining Argosy University, Art Institute and South University campuses closed abruptly in March.

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