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DeVry was founded in 1931 as the De Forest Training School in Chicago, Illinois. [2] School founder Herman A. DeVry, who had previously invented a motion picture projector and produced educational and training films, named the school after his friend Lee de Forest. [2]
These employees and some of their "significant" others, were under the impression that Crown College would close and allegedly falsified loan applications and received financial aid though they did not attend Crown. They allegedly figured that the loans would be discharged when the school closed.
In the case of home loans, if the borrower defaults on the loan, the bank would have the legal right to repossess the house and sell it, to recover sums owing to it. Similarly, a loan taken out to buy a car may be secured by the car. The duration of the loan is much shorter – often corresponding to the useful life of the car.
The Arizona Summit Law School was a for-profit law school in Phoenix, Arizona, that operated from 2005 to 2018.The law school was known until 2013 as the Phoenix School of Law, and was a part of the InfiLaw System of independent, for-profit law schools, which includes Florida Coastal School of Law and Charlotte School of Law, owned by Sterling Partners.
The only limitation is that the suit must have some bearing on the liabilities or assets of the bankrupt debtor or the debtor's discharge. Adversary proceedings may be filed by the bankruptcy trustee or by other parties. For example, a creditor may file an adversary proceeding to object to the debtor's discharge.
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