In 2016, 763 higher education institutions closed, the highest number since 2012.[1] While primarily for-profit schools closed, independent not-for-profit (NFP) schools closed as well.
Ascribing reasons for the schools’ closures risks conclusion bias, but there are some macro trends to note:
In 2016, 763 higher education institutions closed, the highest number since 2012.[1] While primarily for-profit schools closed, independent not-for-profit (NFP) schools closed as well.
Ascribing reasons for the schools’ closures risks conclusion bias, but there are some macro trends to note:
Revenue and EBITDA are down, the cash runway is short, and time is of the essence. So in a turnaround, set your sights on becoming a start-up.
Budget deficits abound and past promises have been broken, irrevocably. If governments honestly valued their assets and liabilities, most would be insolvent. In the not-too-distant future, delivery of essential services will require a new mix of “skill and will” from our elected leaders and public-sector employees.
According to the M&A Advisor,[1] “often failures occur because of … the inability to retain key talent.
Not many founders of a new business consider, at the time the new business is founded, the potential U.S. federal income tax consequences to them should the new business fail. The type of business entity formed, and the treatment of that entity for U.S. federal tax purposes as either a corporation or a pass-through entity, can have a material U.S.
The Labor and Employment Committee has continued to remain at the forefront of the intersection of labor and employment issues and bankruptcy in its continuing effort to keep its members well-informed as they navigate these issues.
While the bankruptcy process may bring a new beginning, the Bankruptcy Code provides — and some say rightfully so — debtors with much less protection against tax claims than other types of claims for public policy and much-applauded revenue reasons.
Despite lingering questions concerning the scope of a bankruptcy court’s jurisdiction in the wake of Supreme Court decisions in Stern v. Marshall[1] and Wellness Int’l Network, Ltd., et al v.
The Third Circuit recently became the first U.S. Court of Appeals to rule that a pension plan established by a church agency does not qualify as an exempt “church plan” under subsection 4(b)(2) of the Employment Retirement Income Security Act (ERISA).
