Oxford Street Education, LLC, the company which ran The Croft Schools, filed for Chapter 7 Bankruptcy on Friday, June 5. The initial filing is available on the case’s docket. (Those links are to CourtListener.com, a non-profit website which provides easy public access to court dockets. When documents are filed, public copies are uploaded to CourtListener, where they are hosted for anyone to see. You can bookmark the docket so you can follow along.)
A Chapter 7 bankruptcy is a liquidation proceeding, not a reorganization. Unlike Chapter 11, where a business tries to restructure its debts and keep operating, a Chapter 7 means Oxford Street Education, LLC is shutting down. The court has appointed an independent trustee whose job is to gather up whatever assets the company has, sell them, and distribute the proceeds to creditors according to a priority order fixed by federal law.
Oxford loses control of its property the moment the case is filed; from here forward, the trustee runs the show. An automatic stay also goes into effect immediately, which generally halts collection efforts, lawsuits, and other actions against the company while the case proceeds.
The voluntary petition filed June 5, 2026, together with the schedules and Statement of Financial Affairs attached to it, is essentially the company's sworn financial snapshot as of the filing date.