Vista College property sued for $ 1 million, company files for bankruptcy
EL PASO, Texas (KTSM) – A day before the Vista College property filed for bankruptcy, a student and various people filed a lawsuit against the company for $ 1 million in monetary relief in a court of ‘State.
Ronda Racca, a resident of Beaumont, Texas, along with two law firms filed a lawsuit against Vista College days after being told the college was shutting down for good. She and others ‘like-minded people’ sue for attorney fees, litigation costs, punitive damages, and court costs in addition to $ 1 million in financial aid. of dollars.
The lawsuit was filed in Jefferson County on Oct. 12, where she attended one of the school’s campuses using $ 15,000 in loans to pay for her tuition. Racca claims to have paid at least $ 10,000 in school supplies and textbooks. She also claims to have driven to campus for five days, traveling 60 miles each day to go to class.
A list of the owners and individuals included in the lawsuit is EFG General Partner Corp., Education Futures Management, Company Computer Career Center LP, D / B / A Vista College, Prospect Partners LLC, Jim Tolbert, Michael McInerney and Louis Kenter.
KTSM 9 News has contacted Vista College for comment.
On October 11, the Vista College property, which is listed in various limited partnerships and limited liability companies, filed for Chapter 7 bankruptcy with the US District Bankruptcy Court of Delaware. Chapter 7 bankruptcy is also known for liquidating assets in order to pay off debts owed to creditors.
Accounts receivable included in the bankruptcy filing include: Vista Professional Development LLC, Vista Professional International LLC, New Day Vista LLC, Computer Career Center LP, EFG General Partner Corp., EFG Limited Partner Corp., Certified Careers Institute LLC, Education Futures Management CO. and Education Futures Group LLC.
The Vista College property claims to have between $ 10 million and $ 50 million in estimated assets, according to a bankruptcy filing. And, Education Futures Management Company also claims to have the same amount of estimated liabilities.
Court documents also show Vista College has an estimated number of creditors between 1 and 49.