July 24, 2026
A New Jersey bankruptcy judge has addressed families' concerns about the sale of a century-old New York sleep-away summer camp in the Chapter 11 case of SIMAD Holdings, telling parents their comments will be considered in connection with an Aug. 4 sale hearing.
July 22, 2026
As bankrupt SIMAD Holdings pushes forward with quick sales of the summer camps it owns, distraught parents whose children attend one camp in New York have expressed deep concerns about the process and the outside organization that has made a stalking horse bid.
July 17, 2026
Summer camp holding company SIMAD has asked a New Jersey bankruptcy judge to sign off on new stalking horse offers totaling over $30 million to set the floor for a Chapter 11 auction of two of its New York summer camps.
July 16, 2026
A group backed by Warner Bros. Discovery CEO David Zaslav is making a $68 million stalking horse bid for Mohawk Day Camp, one of a collection of camps run by SIMAD Holdings that are up for sale in its Chapter 11 proceeding.
July 01, 2026
More than two dozen U.S. summer camps are for sale just as kids arrive for the season, under a rapid timeline in the free-fall bankruptcy of SIMAD Holdings, and whether they land in the hands of outsiders or longtime directors trying to buy back their properties is up in the air.
June 29, 2026
A New York bankruptcy judge granted Chapter 15 recognition of New Fortress Energy affiliates' English restructuring plan, and dozens of U.S. summer camps gained permission to launch a sale process. Meanwhile, Spanish Broadcasting secured confirmation of its Chapter 11 plan, while a Texas bankruptcy judge blocked racketeering claims against Sorrento Therapeutics.
June 26, 2026
Dozens of U.S. summer camps can race toward a sale after their bankrupt owner SIMAD Holdings won approval on Friday to solicit bids by July 17, over the strenuous objection of the largest unsecured creditor in the chaotic Chapter 11 case.
June 25, 2026
SIMAD Holdings Ltd., the bankrupt owner of 30 U.S. summer camps and other real estate, says that it has secured up to $180 million of debtor-in-possession financing from its prepetition bondholders, as it seeks to fund its operations and bankruptcy cases while working toward a late-July auction for its assets.
June 23, 2026
A quintet of partners from Cole Schotz PC is stewarding the Chapter 11 case of summer camp operator and real estate holding company.
June 22, 2026
A California Catholic diocese asked for a court's approval for its Chapter 11 plan. Creditors of a Nevada magnesium mining operation got the liquidation plan they proposed confirmed. A summer camp chain received permission to use its cash to open for the year. And Georgia-Pacific's asbestos spinoff told a court that more Chapter 11 filings may be on the way.