The Texas Christian summer camp, where 28 people died in devastating floods last year, has filed for bankruptcy due to escalating debts exceeding $10 million.
According to a Chapter 11 filing, Camp Mystic reported its assets to be between $1 million and $10 million, while its liabilities surpassed $10 million.
The camp is currently facing multiple wrongful-death lawsuits from the families of the victims.
A state investigation found that the camp was grossly unprepared for the flooding and did not implement adequate emergency protocols.
Investigators highlighted the absence of a plan and training for those individuals to adhere to, and noted that the camp lacked a written emergency plan, failed to evacuate individuals in a timely manner, and did not sufficiently prepare for the storm.
