Privately-held Summit Financial Corporation filed for Chapter 11 protection with the U.S. Bankruptcy court in the Southern District of Florida, case number 18-13389. The Company is based in Plantation, Florida. According to its website, the Company is currently headed by Brian Babcock, Vice President and Chief Operating Officer. The Company is represented in bankruptcy proceedings by Zach B. Shelosmith of Leiderman Shelosmith Alexander & Somodevilla, PLLC.
Summit Financial’s website states, “Summit Financial began in 1993 as the vision of a benefits professional looking to build a new kind of benefits consulting firm, far better suited for a contemporary business climate. This vision has proudly grown into one of New England’s premier employee benefits, retirement plan consulting, administration, individual tax and financial planning firms serving clients nationally. Today, we remain privately owned and fiercely committed to offering customized guidance and implementing the best solutions our industry has to offer.”
In documents filed with the Court, Summit Financial cites estimated assets and liabilities at $100 to $500 million. The Company also estimates creditors between 100 and 200.
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