In its present form the New School is indeed new: It is a recent amalgam of a graduate program called the New School for Social Research with two conservatory-like schools (the Parsons School of Design and the Mannes College of Music) and several less well-known entities.

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So, design an asset protection plan and transfer your personal assets into well-structured private entities (like trusts).

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Even under a good scenario where you get federal financing, and you see a merger between two of the three entities and a preservation of a lot of models and a preservation of the design staffs to some degree, and a preservation of some of the dealer network.

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