Analysis

Cash Advances Helped Sink Summer Camp Operator

By Hilary Russ · June 18, 2026, 9:08 PM EDT

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...

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Documents

Case Information

Case Title

SIMAD Holdings Ltd.

Case Number

3:26-bk-16388

Court

New Jersey

Nature of Suit

Date Filed

June 04, 2026


Case Title

Michael Aaron Shabsels

Case Number

3:26-bk-16529

Court

New Jersey

Nature of Suit

Date Filed

June 04, 2026


Case Title

David Arthur Shabsels

Case Number

3:26-bk-16530

Court

New Jersey

Nature of Suit

Date Filed

June 04, 2026


Case Title

DAMIS Holdings LLC

Case Number

3:26-bk-16439

Court

New Jersey

Nature of Suit

Date Filed

June 04, 2026