The Financial Oversight and Management Board for Puerto Rico filed an application at the U.S. District Court to approve the hiring of Phoenix Management Services, LLC as financial advisor for the mediation team appointed in the Title III cases related to the Commonwealth’s bankruptcy proceedings.
The closings announced this week at the University of Phoenix will not affect its main Puerto Rico campus — one of the school’s oldest branches located in Guaynabo — but will represent the demise of the Carolina Learning Center, News is my Business confirmed Thursday.