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 July 24 through August 5, 2026.

Two things to know up front: First, the deadline to file a Proof of Claim is Friday, August 14 — eight days away. Second, the trustee filed three new motions this week. One would end Oxford's 401(k) retirement plan, and two seek records from Oxford's outside accountants.

Key dates & deadlines

• August 14, 2026 — Deadline to file a Proof of Claim
• August 19, 2026, 9:30 a.m. — Continued Meeting of Creditors (questioning of Oxford)
• August 25, 2026, 11:59 p.m. — Deadline to object to the trustee's three new motions (described below)
• September 9, 2026, 10:15 a.m. — Hearing on the retirement-plan and accountant-examination motions

Eight days left to file a Proof of Claim

A Proof of Claim is the form you file to say "the school owes me money, and here's how much." If you think you're owed something — for example, prepaid tuition or deposits — that form is how you get in line.

The deadline is Friday, August 14. If you plan to file, there is no reason left to wait. At the July 14 Meeting of Creditors, the trustee urged everyone owed money to file early, to avoid any last-minute problems. I walked through how to file, step by step, in Issue #4, including how our own family filled out the form for prepaid tuition. You can file online through the court's electronic claims site. Nothing in that guide is legal advice. You do not need a lawyer to file, but consult your own if you have questions.

Now is the time to file your Proof of Claim. If Jack Remondi can get his $500,000 claim in on time, so can you.

What got filed this week

The trustee filed three motions this week. The court set all three for a hearing on September 9 at the Boston courthouse, with a video option for parties who arrange it in advance. Objections to any of the three are due by August 25.

The trustee wants records and testimony from Oxford's accountants

On August 4, the trustee filed two motions asking for Rule 2004 examinations of firms that worked on Oxford's finances. A Rule 2004 examination is a bankruptcy tool that lets the trustee demand documents and question a person or company under oath. The trustee stated he is investigating Oxford's pre-bankruptcy finances to identify assets and possible claims for the benefit of creditors. This is an early, positive development — it shows that the trustee is taking seriously his obligation to try to find ways to recover money on behalf of creditors.

The first motion covers All-In Accounting Solutions. (That is the outside firm that prepared Oxford's financial statements and management reports.) It asks for financial statements, work papers, communications with Oxford's officers and board, and documents about Oxford's securities offerings. The requests reach back to January 1, 2019.

The second motion covers AAFCPA, the firm that prepared Oxford's tax returns. It asks for those returns, the related work papers, K-1 and 1099 forms, and documents about the issuance of the Croft Bonds.

Both motions ask each firm to hand over its documents within 15 days of a court order.

Disclosure: My family holds Croft Bonds and is represented separately as a bondholder.

The trustee asked to wind down and end Oxford's 401(k) plan

On August 3, the trustee asked the court for permission to terminate the 401(k) retirement plan Oxford offered its employees. The motion says the goal is to give participants access to their money and to limit ongoing administration costs. The plan has 194 participants with a combined balance of almost $3 million.

For now, distributions are frozen. Gusto Retirement Services (the company that holds the plan's accounts and handles its paperwork) put the freeze in place while the wind-down is arranged. Gusto also disclosed it must give up its role running the plan, because it cannot be paid from plan assets.

A plan administrator is the person legally responsible for running a retirement plan and its required filings. The trustee asked to appoint Craig R. Jalbert, an accountant at the firm Verdolino & Lowey, to take over that role from Gusto. Jalbert and his firm would update plan records, track down participant addresses, file the plan's final returns, and terminate the plan.

Federal rules require a plan this size to file audited financial statements, with no exception for financial distress. The motion asks to pay the wind-down costs from the plan's own assets rather than from the bankruptcy estate. Auditor fees are estimated at $40,000, plus $10,000 for Verdolino & Lowey's work. The motion states the auditor fee equals a charge of 1.70% of each participant's account balance.

Other filings

• Two orders finalized the trustee's earlier notices giving up personal property with no remaining value for the estate. Items at the two Providence buildings were deemed abandoned as of July 25, and the rest in Providence and Boston as of August 2.

Key Links

• Public Docket
• Bankruptcy Filing (June 5, 2026)
• Notice of Bankruptcy (June 5, 2026)
• How to file a Proof of Claim (Issue #4)
• Electronic claims filing site

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.