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.
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.