IRS Can't Block Deal Axing Creditor Probe Of SIMAD Bonds

By Hilary Russ · October 26, 2026, 8:10 PM EDT

A New Jersey bankruptcy judge Monday signed off on a $13 million settlement between unsecured creditors of former summer camp operator SIMAD Holdings and its biggest secured lender, despite the IRS'...

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Case Information

Case Title

SIMAD Holdings Ltd.

Case Number

3:26-bk-16388

Court

New Jersey

Nature of Suit

Date Filed

June 04, 2026