Seminole company with $86 million in debt files bankruptcy
December 4, 2024 - Seminole-based Smart Communications, a software-as-a-service platform utilized by over 120 correctional facilities nationwide, reported more than $86 million in debt in a Chapter 11 bankruptcy filing last week. Jonathan Logan, who founded Smart Communications in 2009, claimed in court documents that a prolonged legal battle with his estranged mother and co-owner impeded repayment of the company’s liabilities. About $80 million of the outstanding debt stems from an exclusive intellectual property licensing agreement.