Bankruptcy Filed by Camp Mystic Following Fatal Texas Floods

Camp Mystic’s owner has sought Chapter 11 bankruptcy protection, nearly a year after severe flooding in Texas Hill Country resulted in the deaths of 25 campers, two counselors, and the camp’s director. The bankruptcy filing states the camp’s debts range between $10 million and $50 million, while assets are valued between $1 million and $10 million.

In recent months, Camp Mystic has faced significant criticism for its handling of the July 4 floods. An official report highlighted the camp’s lack of emergency planning and inadequate response to the disaster.

The report emphasized that the camp’s poor preparation should be studied carefully to prevent similar tragedies in the future.

Only three individuals, including the now-deceased co-owner Richard “Dick” Eastland, managed the chaotic evacuation. Following a recent legislative hearing attended by victims’ families, Camp Mystic withdrew its reopening application. The camp acknowledged the lives lost and stated, “Respect for those voices requires that we step back now.”

Families of the victims have initiated a lawsuit, claiming the camp failed to act appropriately as the floodwaters rose. They seek over $1 million in damages. Sarah Foss from Debtwire explained that the bankruptcy halts these lawsuits temporarily, requiring families to pursue compensation through the bankruptcy process.

The bankruptcy was filed by the Eastland family, long-time owners of the nearly century-old camp. Details on the camp’s financials remain undisclosed. Attorney Martin A. Sosland, representing the debtors, has yet to comment on the situation.

The devastating floods last July claimed at least 136 lives along the Guadalupe River. Among the victims is Cecilia “Cile” Steward, an 8-year-old camper, who is still missing.