LV school files for bankruptcy

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Friday, Aug. 15, 2003 | 11:04 a.m.

The company that operated the Dahan Institute of Massage Studies in Las Vegas has filed a petition for bankruptcy protection.

Serge Dahan, president of Dahan Institute Inc., filed a voluntary Chapter 7 petition for the company, indicating an intention for the company to liquidate assets.

The company reported assets of $322,499 and debts of $2.1 million.

Dahan operated a school at 3320 E. Flamingo Road, Suite 32, which closed in mid-July, leaving 88 students scrambling for alternative instruction.

The petition said there are more than 100 creditors estimated. One of the largest creditors is SunWest Bank, which issued a credit line of $748,000 to the company.