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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.

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The multitude of debtors, lenders and other parties created a long and growing pile of appearances, including by the Union of Orthodox Jewish Congregations of America, whose affiliates rent space and services at several of the debtor's camps, including for special needs children.

The Orthodox Union, like some other parties, sought assurance that, when it paid for services at a specific camp, the money would not be shifted for other uses, said attorney Ira Herman of Blank Rome LLP. The debtor has not yet broken out budgets for each individual camp.

To read the full article, please click <a href="https://www.law360.com/articles/2490820/simad-can-tap-cash-to-open-summer-camps-in-ch-11">here</a>.

"SIMAD Can Tap Cash to Open Summer Camps in Ch. 11," by Hilary Russ was published in <a href="https://www.law360.com/articles/2490820/simad-can-tap-cash-to-open-summer-camps-in-ch-11">Law360</a> on June 17, 2026.

SIMAD Can Tap Cash to Open Summer Camps in Ch. 11

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SIMAD Can Tap Cash to Open Summer Camps in Ch. 11

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