Summer Camp Operator Files for Bankruptcy After Default on Israeli Bonds

Jun 11, 2026 | VIN

NEW YORK (VINnews) — A large network of summer camps serving thousands of children, including many Jewish and Orthodox Jewish families, has filed for bankruptcy after defaulting on debt owed to investors in Israel. Simad Holdings, controlled by brothers David and Michael Shabsels, sought Chapter 11 protection in New Jersey last week along with dozens […]|Read More    VINnews 

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