Mystic Camp-USA Declares Bankruptcy After Floods

Mystic Camp has filed for reorganization under Chapter 11 of the U.S. Bankruptcy Code following devastating floods that resulted in the deaths of 25 girls, two guides, and the camp founder. The camp faces debts exceeding $10 million and assets estimated between $100,000 and $500,000. This action comes after a lawsuit was filed against the camp's management, which is located in Texas, due to their failure to take sufficient precautions to protect the girls prior to the July floods. Plans to reopen the camp have been scaled back amid criticism from the families of the victims and labor unions.

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