SIMAD Holdings Ltd.
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October 05, 2026
IRS Loses Bid For Tax Withholdings In Ch. 11 Camp Sales
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. property by foreign owners, overruling an objection by the Internal Revenue Service.
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September 24, 2026
Summer Camp Co. Says $19M Lien Targets Wrong Ch. 11 Case
Summer camp company SIMAD Holdings asked a New Jersey bankruptcy judge Thursday to nix a roughly $18.7 million claim lodged by a New York-based credit union, saying the relevant lien has to do with property in a different bankruptcy.
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September 21, 2026
Summer Camp Operator Says Cash Advances Were Loans
The insolvent company that ran dozens of summer camps in several states is asking a New Jersey bankruptcy judge to find the financing agreements it had entered shortly before it sought Chapter 11 protection were actually loans, instead of a true sale of future receivables, as a merchant cash advance provider has argued.
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August 17, 2026
Summer Camp Sales, Bitcoin Depot Ch. 11 Plan OK'd
A New Jersey judge gave the all-clear for the sale of dozens of summer camps, cryptocurrency kiosk operator Bitcoin Depot scored confirmation of its Chapter 11 plan, and Sidley Austin LLP was approved to represent nursing home company Genesis Healthcare in two adversary suits. This is the week in bankruptcy.
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August 12, 2026
The Joy And Agony Behind The 5-Day Summer Camp Auction
There were tears of joy and sorrow. Cigarette breaks. Some screaming. But after five intense days of nearly round-the-clock work, a bankruptcy auction of 23 summer camps raised $377 million and will see many of the properties go to the people who have long run them.
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August 10, 2026
Complex Summer Camp Sales Win Bankruptcy Court Approval
A New Jersey bankruptcy judge Monday approved sales of more than two dozen U.S. summer camps, capping an intense, complicated and emotionally charged process that lawyers said saved the camps from closing this year while generating nearly $448.8 million to repay creditors.
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August 07, 2026
Summer Camp Sales Spark Parent Concern Ahead Of Hearing
Plans to sell more than two dozen summer camps have been met with a flurry of comments from families concerned that outside investors will alter operations or close some camps altogether, with a group of parents saying they hoped to offer $10 million to buy one of the properties in Pennsylvania, Camp Lavi.
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August 05, 2026
Summer Camps Draw $440M Through Bids, Sales In Ch. 11
Bankrupt summer camp operator SIMAD Holdings stands to reap $440 million so far from the sale of 27 of its camps, including a $120.75 million winning bid for the "crown jewel" property in a wealthy New York City suburb.
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July 29, 2026
DOJ Probing Brothers Who Ran Summer Camp Empire
A federal grand jury is investigating the bankrupt summer camp operator SIMAD Holdings, its controlling shareholders and related entities, and the company has received a demand to produce documents as part of the probe, according to a notice filed with the Tel Aviv Stock Exchange.
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July 27, 2026
TGI Fridays Plan OK'd, Spirit Can Sell NYC Gates To JetBlue
TGI Fridays won approval of its Chapter 11 liquidation plan, Spirit Airlines secured approval for the $58.5 million sale of LaGuardia gate slots to JetBlue, and CashCall received interim approval for Chapter 11 financing. Meanwhile, one of SIMAD's summer camp sales faced opposition from camp-goers' parents and Akorn reached a settlement allowing its asset buyer an $18.5 million unsecured claim.