Sylvan franchise owner files bankruptcy, closes multiple Twin Cities tutoring centers
Paul Ripon, the franchise owner of multiple Sylvan Learning centers in the Twin Cities, filed for bankruptcy in U.S. Bankruptcy Court and listed more than a dozen creditors after reporting debts exceeding $600,000 β including about $205,000 owed to Sylvan Corporation and an estimated $100,000 owed to individual customers. Sylvan revoked Riponβs tutoring licenses, forcing closures of centers in Edina, Maple Grove, Roseville and Woodbury as the Minnesota school year begins; in an owner email he wrote, "There are no funds available at this moment."
Education
Business & Economy
π Key Facts
- Paul Ripon, a Sylvan Learning franchise owner, filed for bankruptcy in U.S. Bankruptcy Court and listed more than a dozen creditors.
- Ripon reported owing more than $600,000 in total to creditors.
- He reported owing about $205,000 to Sylvan Corporation and an estimated $100,000 to many individual customers.
- FOX 9 reports Sylvan Learning revoked Ripon's tutoring licenses, forcing closures of centers in Edina, Maple Grove, Roseville and Woodbury.
- In an owner email cited by FOX 9, Ripon wrote, 'There are no funds available at this moment.'
π° Sources (2)
Sylvan Learning franchise owner files for bankruptcy, closes multiple tutoring centers
New information:
- Franchise owner Paul Ripon filed for bankruptcy in U.S. Bankruptcy Court and listed more than a dozen creditors.
- Ripon reported owing more than $600,000 to creditors, about $205,000 to Sylvan Corporation, and an estimated $100,000 owed to many individual customers.
- FOX 9 reports Sylvan Learning revoked Ripon's tutoring licenses, forcing closures of centers in Edina, Maple Grove, Roseville and Woodbury.
- Direct line from an owner email: 'There are no funds available at this moment.'