Filing Alert: SIMAD Holdings Chapter 11
SIMAD Holdings Ltd., a Trumbull, CT-based owner and operator of summer camps, filed for Chapter 11 protection on June 04, 2026, in the U.S. Bankruptcy Court ...
SIMAD Holdings Ltd. and its debtor affiliates⁽¹⁾, a Trumbull, CT-based owner and operator of summer camps, filed for Chapter 11 protection on Jun. 4 in the U.S. Bankruptcy Court for the District of New Jersey.
The company reports $100 million to $500 million in assets and $500 million to $1 billion in liabilities. The filing indicates that there will be funds available for distribution to unsecured creditors. The case number is 26-16388.
⁽¹⁾ For a complete list of debtor entities, see the Chapter 11 Debtors table.
Chapter 11 Debtors
Key Parties
Counsel:
- Michael D. Sirota
Cole Schotz P.C.
Email: msirota@coleschotz.com
Signatories:
- Assaf Ravid – Chief Restructuring Officer
Claims Agent:
- Kroll Restructuring Administration LLC
Equity Security Holders:
- Michael Shabsels – 50% Equity Interest
- David Shabsels – 50% Equity Interest