United States Bankruptcy Court – The Cornwall Local

The cost of bankruptcy

November 9, 2015 Ken Cashman

The US Bankruptcy Court Southern District will hold a hearing at noon on Dec. 1 to consider the compensation requested by the legal firms representing NYMA and the academy’s unsecured creditors.

Judge OKs NYMA sale

October 21, 2015 Ken Cashman

This morning at U.S. Bankruptcy Court, Judge Cecelia Morris approved the sale of NYMA to the Research Center on Natural Conservation.

Optimism at NYMA hearing

October 9, 2015 Ken Cashman

There was an undercurrent of optimism in US Bankruptcy Court yesterday. “It’s too soon to celebrate,” Steven Jurista admitted, “but we have a high bid and a credible back-up bid.”

NYMA SOLD TODAY

September 30, 2015 Ken Cashman

SouFun Holdings Ltd., a company traded on the New York Stock Exchange, purchased NYMA this afternoon for $15.825 million. Earlier in the day the company’s stock had risen by seven percent.

NYMA auction still on; new parties interested

September 24, 2015 Ken Cashman

What will happen with NYMA? After this morning’s hearing in US Bankruptcy Court, there appear to be several possibilities.

Town Board states position on NYMA

September 18, 2015 Jason Kaplan

NYMA was on the agenda when the Town Board met on Sept. 14. Supervisor Randy Clark said the Town will reach out to the new owners if the school is sold.

NYMA retracts Sept. 14 opening date

August 31, 2015 Ken Cashman

NYMA won’t be opening on Sept. 14, as announced in a recent letter from Anthony Desa, the president of the Board of Trustees. He had addressed the letter to faculty members, alumni and students.

NYMA head signs pact

August 5, 2015 Ken Cashman

On Aug. 4, Anthony Desa, the president of the NYMA Board of Trustees, announced that he had signed an agreement to sell the school to Global Preparatory Academies for $13.125 million.