Key facts
- Simad Holdings, operator of youth sleep-away camps, has filed for bankruptcy.
- The company runs a popular retreat in New York's Catskill mountains.
- The summer camp charged $16,750 per camper.
Simad Holdings, the company behind several youth sleep-away camps in the Northeast, has filed for bankruptcy. One of its prominent locations is a retreat situated in New York's Catskill mountains. This particular camp had a summer fee of $16,750 per child. The filing indicates financial distress for the operator of these summer programs.