Thread regarding Dream Center Education Holdings, LLC (DCEH) layoffs

Bankruptcy rumor

Rumor that DCEH has stopped paying bills and rent on campuses.

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| 2741 views | | 19 replies (last January 13, 2019) | Reply
Post ID: @OP+X2PaBVp

19 replies (most recent on top)

@X2PaBVp-3syn: Forgive my ignorance but what's a CMO? And which campuses got eviction notices?

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Post ID: @4gjj+X2PaBVp

DCEH lost its CMO on Friday; we are not paying any vendor or bills and 18 campuses got eviction notices. Run, don’t walk. Wonder when our doors will be padlocked? Could be soon.

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Post ID: @3syn+X2PaBVp

Is it normal business practice to not pay vendors on time?

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Post ID: @1ndv+X2PaBVp

Is Monday still around or did he take the money and run?

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Post ID: @1jia+X2PaBVp

We're still getting those calls at our campus , we got one today lol

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Post ID: @aln+X2PaBVp

They are renting out space in our building to other companies!

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Post ID: @hhi+X2PaBVp

It wasn’t just December. They are way behind on many bills, including rents for campuses

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Post ID: @kkz+X2PaBVp

Some of us, those hitting 4 years in a couple of months, are losing more than 1 day because they raised it from 4 to 5 years to get more. Love the communication as vacations are already planned.

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Post ID: @lsu+X2PaBVp

Why would they split up sick time and vacation time?

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Post ID: @dva+X2PaBVp

YAY!! AI can burn down to the ground

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Post ID: @ufu+X2PaBVp

That would make sense as to why everyone is going to lose 8 hours of pto in 2019 and why they are splitting up what used to be pto in sick time and pto. Of course they havent communicated this with anyone yet, but hr says they will be rolling out the new pto policy this week

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Post ID: @qnl+X2PaBVp

id--ts and rumor mongers!

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Post ID: @vym+X2PaBVp

Not having enough cash to pay bills and rent is called bankrupt

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Post ID: @vnc+X2PaBVp

@X2PaBVp. Fiscal Year Ends In June...

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Post ID: @ecx+X2PaBVp

Blame Trump

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Post ID: @eds+X2PaBVp

Aid pays in dec...nice try...what are u talking about?!

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Post ID: @nye+X2PaBVp

No leads, no students, no marketing, basically no staff. They’re not even trying. Might have a few months but it can’t last long.

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Post ID: @xud+X2PaBVp

Not having enough cash to pay rent is "a little worrisome"?

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Post ID: @bsz+X2PaBVp

Some things didnt get paid in dec because the fiscal year ended and no aid comes in during dec. jan fixed that so problem is gone. Little worriesome but not a crisis type thing.

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Post ID: @ram+X2PaBVp

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