Remaining students were forced to transfer after the school's accreditation expired on May 15.
The company says it's part of a restructuring agreement that will eliminate nearly $5 billion in debt and give its creditors control over the company.
Michaels announced Thursday it had acquired the fabric and craft retailer Joann and its intellectual property.
Hooters has abruptly closed dozens of locations just a few months after the chicken wing chain filed for bankruptcy and proclaimed it wasn't "going anywhere."
WeightWatchers, the 62-year-old program that revolutionized dieting for millions of people around the world, has filed for bankruptcy.
Use it or lose it! If you have a gift card or store credits for Forever 21, you must use them by Tuesday.