Wichita tech firm SNT Media files for bankruptcy

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Embattled Wichita tech firm SNT Media has filed for bankruptcy, according to documents obtained by the Wichita Business Journal.

Social Media Technology Inc., as it is known, filed for Chapter 7 liquidation bankruptcy in U.S. Bankruptcy Court for the District of Kansas on Monday, essentially closing the doors on the technology business. In the 97-page filing, liability claims for SNT total more than $45 million.

That number includes a claim of more than $6.2 million listed for the Tribune Content Agency out of Chicago. The lists nearly $1.6 million in total assets.

With a Chapter 7 bankruptcy, the debtor agrees to liquidate assets in an effort to pay creditors. On Feb. 5, WBJ reported that SNT Media had closed its doors after weeks of uncertainty.

At one point in early 2017, the company employed more than 100 people in the High Touch Building in downtown Wichita.

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