IRS Loses Bid For Tax Withholdings In Ch. 11 Camp Sales

By Hilary Russ · October 5, 2026, 6:09 PM EDT

A New Jersey bankruptcy judge determined on Monday that the buyers of seven summer camps owned by Simad Holdings Ltd. need not withhold taxes under rules governing the sale of U.S....

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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