Summit Business Media Will Emerge From Bankruptcy

May 10, 2011

Summit Business Media announced the approval of its pre-arranged plan of reorganization from the United States Bankruptcy Court for the District of Delaware. This move allows Summit to implement the capital restructuring plan it announced on January 25 when it filed for bankruptcy, which will eliminate more than $140 million of long-term debt.

Since January, Summit has worked to improve operations, launching new products and enhancements, including, a resource for brokers, HR managers, and retirement advisors. Summit expects that after implementing the plan it will take approximately two weeks to emerge from bankruptcy, and anticipates company growth.