June 18, 2026
Of the many mysteries still surrounding the tangled case of bankrupt summer camp operator SIMAD Holdings Ltd., one of the biggest, at least to those interested in business financing, is why such a large company would turn so sharply toward merchant cash advances — a method of last-ditch funding normally used by desperate small businesses.
June 17, 2026
SIMAD Holdings Ltd. won court permission on Wednesday to use some of its available $15.6 million of cash on hand as it races to open the 30 children's summer camps it owns for the season, after a freefall bankruptcy filing earlier this month left in doubt the fate of more than 20,000 campers.
June 09, 2026
Both mid- and large-cap companies — and some that straddled the line — hit bankruptcy in the past week, including two internet infrastructure companies.
June 08, 2026
A New Jersey bankruptcy judge on Monday agreed to give bankrupt summer camp and real estate company SIMAD Holdings Ltd. interim permission to use cash collateral, which the debtor said it needed to keep its camps on track to operate as normal this summer.
June 05, 2026
Summer camp operator SIMAD Holdings has filed for Chapter 11 protection in New Jersey bankruptcy court with more than $500 million in debt.