Summit Financial case conversion, trustee appointment hearings May 15

By Caroline Salls

Pittsburgh, April 26 – The hearings for the motion to convert Summit Financial Corp.’s Chapter 11 case to Chapter 7 and for appointment of a Chapter 11 trustee to oversee the case have been scheduled for May 15, according to an order filed Friday with the U.S. Bankruptcy Court for the Southern District of Florida.

The hearings were continued at an April 23 hearing.

As previously reported, Summit asked the court to convert the case, while the official committee of unsecured creditors requested appointment of a Chapter 11 trustee.

Plantation, Fla.-based Summit provides financing by purchasing and servicing retail installment sales contracts. The company filed bankruptcy on March 23, 2018 under Chapter 11 case number 18-13389.

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