SC-GA ADMINISTRATIVE HOLDINGS, LLC Bankruptcy Filing
Case Number: 24-60571
SC-GA ADMINISTRATIVE HOLDINGS, LLC filed a 11 chapter bankruptcy in the Northern District of Georgia bankruptcy court on October 04, 2024. This is a voluntary filing; it was assigned the bankruptcy case number #24-60571.
SC-GA ADMINISTRATIVE HOLDINGS, LLC Filing Information
On October 4, 2024, SC-GA ADMINISTRATIVE HOLDINGS, LLC, a Corporation based at 2870 Peachtree Road, Suite 502, Atlanta, GA, filed for bankruptcy with the Georgia Northern court under case number 24-60571. This marks a significant development in the company's financial situation, as it has chosen to seek protection under Chapter 11 or 13 of the US Bankruptcy Code. As a corporate debtor, SC-GA ADMINISTRATIVE HOLDINGS, LLC will be required to disclose its bankruptcy information and restructure its debts to ensure compliance with applicable laws and regulations. The specific details of the company's financial situation and the terms of its proposed restructuring plan remain unknown at this time, as they will be outlined in the formal bankruptcy filing documents. As the case progresses, further information on SC-GA ADMINISTRATIVE HOLDINGS, LLC's bankruptcy date, financial status, and potential outcomes will become available through official court records and announcements.
SC-GA ADMINISTRATIVE HOLDINGS, LLC has filed for bankruptcy, marking a significant milestone in the company's financial restructuring. With assets ranging from $0 to $100,000, the business is significantly undercapitalized, underscoring the gravity of its financial situation. According to court records, the company has identified one creditor with 1-49 claims, suggesting a relatively straightforward and manageable debt repayment process. The liabilities of SC-GA ADMINISTRATIVE HOLDINGS, LLC also fall within the $0-$100,000 range, indicating that the primary concern is not the magnitude of its debts but rather the overall solvency of its operations. As a management and administrative services company, SC-GA ADMINISTRATIVE HOLDINGS, LLC's business model is designed to provide support services to other enterprises, underscoring its reliance on its clients for revenue generation. With this bankruptcy filing, the company seeks to restructure its financial obligations and navigate a path towards recovery in a controlled and orderly manner.
SC-GA ADMINISTRATIVE HOLDINGS, LLC indicated on its bankruptcy petition that it does not expect there will be sufficient assets in the estate to make a payment to the unsecured creditors. This is a bad sign for creditors as it implies that no recovery is likely.
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SC-GA ADMINISTRATIVE HOLDINGS, LLC Docket Header
Subchapter_V |
Northern District of Georgia (Atlanta)
Bankruptcy Petition #: 24-60571
Assigned to: Chapter 11 Voluntary Asset |
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| Debtor SC-GA Administrative Holdings, LLC 2870 Peachtree Road Suite 502 Atlanta, GA 30305 FULTON-GA Tax ID / EIN: 99-4973631 |
rep. by | Matthew W. Levin
Scroggins, Williamson & Ray, P.C. Suite 230 4401 Northside Parkway Atlanta, GA 30327 404-893-3880 Fax : 404-893-3886 Email: mlevin @ swlawfirm.com |