ATI Enterprises Files Bankruptcy After Student-Aid Probe
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ATI Enterprises Inc., the for-profit school that agreed to pay the U.S. $3.7 million over allegations it submitted false claims for student financial aid, filed to liquidate.
The New York-based company, doing business as ATI Career Training Center, listed debt of as much as $500 million and assets of less than $50,000 in Chapter 7 papers filed today in U.S. Bankruptcy Court in Wilmington, Delaware. Four affiliates also sought court protection.