With season set to begin, major US Jewish summer camp operator files for bankruptcy (opens original article in a new tab)

A major US Jewish summer camp operator files for bankruptcy, but camps will proceed as scheduled this summer. The company has significant assets but higher liabilities, and operates as a for-profit business with high fees.

• Major US Jewish summer camp operator Simad Holdings files for bankruptcy
• Camp programs to proceed as scheduled despite bankruptcy filing
• Simad has assets of $500 million but liabilities exceeding that
• Camps operate as for-profit businesses with high fees