
AUSTIN, Texas, Dec. 18 (UPI) -- Education Finance Partners Inc. has filed for Chapter 7 bankruptcy protection in Texas, four months after it stopped issuing education loans, records show.
In filings this week in U.S. Bankruptcy Court in Austin, the company listed assets of less than $1 million and liabilities of between $10 million and $50 million, the Austin American-Statesman reported Thursday.
The student loan sector was among the earliest casualties of the credit freeze, the newspaper said.
The company stopped lending money in August and laid off 113 employees in Austin.
Education Finance Partners had 200 employees in Austin and had planned to move its headquarters to San Francisco, but instead ceased operations in September.
Executives and attorneys for the company were not available for comment, the newspaper said.
|
|
|
|
|
|
| Additional Business News Stories | |
DAMASCUS, Syria, May 24 (UPI) --
The Syrian government has lost about $4 billion since September because of sanctions placed on oil exports, the country's petroleum minister said.
|
LISLE, Ill., May 24 (UPI) --
A new special operations tactical vehicle has been unveiled by three U.S. companies.
|
First-time buyers are driving the expectations that a recovery has begun. Their numbers and market share are growing despite financing roadblocks and competition with investors for entry-level homes. ...
|
It is a whole new ball of wax in Europe these days.
|
| Stories | Photos | People | Comments |
View Caption