Wright Career College files for bankruptcy

Overland Park-based Wright Career College has filed for bankruptcy and closed its campuses there and in four other cities, leaving about 1,000 current students upset and uncertain about how to finish their degrees or certification programs.

The company filed for bankruptcy Friday morning in a U.S. District Court in Kansas City, Kan., under a Chapter 7 petition to liquidate its assets.

The initial filing estimated liabilities of between $1 million and $10 million and estimated the number of creditors at between 1,000 and 5,000.

“There are a lot of angry people, I understand that,” said Neil Sader, a bankruptcy attorney representing the school. “But there was no way the college could continue. We now are operating under court supervision and proceeding as best as we can under chaotic conditions.”

Read more: Kansas City Star

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