My goal for this newsletter is to provide a regular plain-language summary of what has happened in the Oxford Street Education/Croft School bankruptcy, and to flag key deadlines and dates. This issue covers filings from August 21 through September 10, 2026, plus a few smaller items from mid-August that Issue #9 did not reach.
The short version: the trustee's investigation is widening. The court approved his requests to examine Oxford's two outside accounting firms, with no one objecting. He has since filed three more requests. One targets a consulting firm that built financial models for Oxford. The other two target short-term lenders that Oxford was paying as often as weekly. The court will hear those three on September 23. Separately, the official list of claims is now complete, and I plan to send a separate email analyzing it.
I hope everyone is having a great back to school season. It was both fun and also a bit sad to see so many of the Croft JP kids first day pictures at their new schools in the various WhatsApp channels in the past few weeks.
Key dates & deadlines
- September 21, 2026, 4:30 p.m. — Deadline to object to the trustee's three newest examination motions (described below)
- September 23, 2026, 10:15 a.m. — Hearing on those three motions (Boston courthouse, with a video option for parties who arrange it in advance)
- October 20, 2026, 9:30 a.m. — Continued Meeting of Creditors (further questioning of Oxford)
What got filed recently
The court approved the examinations of Oxford's accountants
In Issue #8, I described two motions asking to examine All-In Accounting Solutions (the outside firm that prepared Oxford's financial statements) and AAFCPA (the firm that prepared Oxford's tax returns). The deadline to object was August 25. No one objected.
On August 28, the judge granted both motions without a hearing. The orders for All-In Accounting and AAFCPA are nearly identical. Each lets the trustee question the firm under oath at an agreed time, or on 14 days' notice if they cannot agree. Each lets the trustee demand the documents listed in his motion on the same terms. If a firm will not cooperate voluntarily, the trustee can use a subpoena to compel it. Each firm keeps its right to object to a subpoena or ask the court to narrow it.
The September 9 hearing on these two motions was canceled.
The trustee wants records from the firm that built Oxford's financial models
On August 31, the trustee asked the court for a Rule 2004 examination of Measured Moxie Consulting LLC and its principal, Andrew Solomon. A Rule 2004 examination is a bankruptcy tool that lets the trustee demand documents and question a person or company under oath. (Measured Moxie is a consulting firm in Arlington, Massachusetts. The motion says Oxford hired it to do financial modeling. I believe this is the Summer 2025 financial modeling discussed in the last issue.)
The trustee stated that Measured Moxie has financial models, projections, work papers, and communications with Oxford. He stated he cannot get them elsewhere. He asked the court to let him question Solomon under oath. He also asked for the firm's documents within 15 days of an order.
The document list is broad. It covers all financial models the firm prepared for Oxford, including income statements, cash flow statements, projections, and budgets. It covers the firm's work papers and everything Oxford gave the firm. It covers reports, budgets, forecasts, and variance analyses prepared for Oxford's officers or board. It covers the firm's communications with any Oxford officer or board member, and with any third party about Oxford. And it covers documents about Oxford's sales of securities, bonds, or other debt to investors. The requests reach back to January 1, 2019.
The trustee wants records from two short-term lenders
On September 1, the trustee filed two more Rule 2004 motions. One covers Byzfunder NY LLC. The other covers On Deck Capital, Inc. (The motions describe both as sources of short-term loans to Oxford.)
The two motions are nearly identical. In each, the trustee stated that as Oxford ran into financial trouble, it entered into more than one short-term loan arrangement. He stated that Oxford made regular payments to Byzfunder from June 2023 to December 2025, as often as weekly. He stated that Oxford made regular payments to On Deck from May 2023 to February 2026, also as often as weekly. He asked to investigate the terms of each lending relationship.
Each motion asks the lender to turn over its loan documents within 14 days of an order. That includes any merchant cash advance agreements. A merchant cash advance is a deal where a business takes a lump sum up front and sells off a slice of its future income until it has paid back a larger fixed amount. The trustee also asked for records of every advance the lender made to Oxford, every payment Oxford made back, and all correspondence between them. The Byzfunder request covers May 2023 through January 2026. The On Deck request covers June 5, 2022 through June 5, 2026.
The trustee reserved the right to question a representative of each lender under oath after he reviews the documents. Issue #9 explained that the estate can claw back certain payments a company made before its bankruptcy. That means suing to get the money returned so it can be shared among all creditors. The motions themselves do not say what the trustee plans to do with the information.
The court set all three new motions for a hearing on September 23 at 10:15 a.m. at the Boston courthouse. Objections are due September 21 at 4:30 p.m. As with the accountant motions, the judge may rule without a hearing if no one objects.
The claims register is complete
The deadline to file a Proof of Claim was August 14. On August 24, the trustee asked the clerk for the claims register now that the deadline has passed. A claims register is the official list of everyone who says the school owes them money and has filed to prove it. It is separate from the docket, which tracks motions and orders. Each claim gets a number, like Claim 1 or Claim 3.
The clerk filed the register on August 26. It runs 74 pages and lists 276 claims totaling $31,139,840.93. The register records what each creditor says it is owed. It does not mean the court or the trustee has agreed to those amounts.
I plan to send a separate email working through what the register shows. That will cover who filed, how much, and how the claims break down between lenders, landlords, families, teachers, and others.
Key Links
- Public Docket
- Bankruptcy Filing (June 5, 2026)
- Notice of Bankruptcy (June 5, 2026)
- Claims Register as of August 26, 2026
This newsletter is a community update. Nothing in it is legal advice and reading it does not create an attorney-client relationship. If you need advice about your own situation, please consult a lawyer.
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