For-Profit School Mattia College Files for Bankruptcy

by San Antonio Attorney

For-profit Mattia College in Miami filed for Chapter 11 reorganization in U.S. Bankruptcy Court last February 29.

This occurred shortly after the closure of schools located in West Kendall and Doral.

There are Professional Training Centers that have declared their assets and liabilities ranging from $1 million up to $10 million.  These establishments are owned by Antonio Mattia.

The fate of these schools will be turned into Chapter 7 liquidation, according to court documents.

Diego G. Mendez, the Miami-based legal representative for the debtor has not disclosed any update for his client.

Prior to closure, the college enrolled more than 500 students and employed 100 workers, according to court motion stipulating to convert the pending case into a Chapter 7 liquidation through Guy Gebhardt, a U.S. Bankruptcy Trustee.

Mattia College, which offered courses and training for medical and dental assistants, lost their accreditation status.  This meant that more terrible things would come as it would be unable to receive government-approved student loans.  If student loans are not properly organized and offered by any school, this would cause a massive loss of potential enrollees.

Gebhart said that the U.S. Trustee was highly notified that the debtor lacked funds and working capital.  This in return halted operations and failed to pay wages to its respective employees for the past months.

Gebhart added that Mattia College purchased high-priced valuable equipment through its facilities.  The college’s main campus is located at 13926 S.W. 47th Street.

Last December 2015, there was a company that was affiliated with Mattia College that sold the property to Michael and Ronald Simkins, Miami Beach developers.  The purchasers eventually made a lease to the college.

Mattia College’s largest debt is listed as $19.5 million, owed to its landlord, controlled by the Simkins Group.

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