Three months after shutting down, Philadelphia's University of the Arts files for bankruptcy
Briefly

The board of trustees at UArts, led by board chair Jud Aaron, has chosen at every turn to obfuscate the truth and forestall all consequences of their disastrous mismanagement of the university. This filing comes as former students, staff and faculty continue to struggle with the damage done to their education and careers, and while the UArts board has neglected its legal, contractual and moral obligation to negotiate severance payments for workers affected by UArts' collapse.
On 31 May, UArts board chair Judson Aaron and president Kerry Walk announced that the 150-year-old university would close in seven days. They cited low enrollment, financial issues and increased costs as the reasons for the closure. This resulted in several class action lawsuits that have been brought against the university, allegations of unfair practices, and an ongoing investigation by Pennsylvania's attorney general, Michelle Henry.
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