chaps,
I know nothing whatsoever about this company, but it is common practice in the business world to hold a company in one name and trade it as something different. Letting the hold company go bust and then continuing to trade the original (or something similar) under "new ownership" is known in my neck of the woods as "flipping" the business.
It is entirely legal and it happens every day in all sorts of ways. My gym for example has just been flipped and is now called something else, despite the fact that everything, including the owner, has stayed the same.
Like I said, I have no idea if that is the case with your school, but it might offer an explanation.
Kind of annoying to see the people with your money disappear, only to reappear next day, without you money anymore - it happened to me twice in in two weeks in my previous business.
Caveat Emptor