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Summer Camps in Crisis After Bankruptcy | Real Estate News
Thirty summer camps and fifty-five real estate properties suddenly bankrupt just before camp season, leaving families in chaos. The Shabsels brothers, who piled on $230 million in debt from predatory merchant cash advances, filed for bankruptcy—forcing attorneys to scramble to keep camps open. These camps are lifelines for kids and operators who poured their hearts into them. The brothers allegedly thrived on debt, with insiders calling them “debt junkies.” Restructuring teams are now digging into the finances, Israeli bondholders are demanding answers, and commercial properties are caught in…
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