SC-GA OPERATOR HOLDINGS, INC. Bankruptcy Filing
Case Number: 24-60573
SC-GA OPERATOR HOLDINGS, INC. 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 #24-60573.
SC-GA OPERATOR HOLDINGS, INC. Filing Information
SC-GA OPERATOR HOLDINGS, INC. filed for bankruptcy on October 4, 2024, with case number 24-60573 in the Georgia Northern Court. The corporation's bankruptcy filing marks a significant development in its financial restructuring process. Located at 2870 Peachtree Road, Suite 502, Atlanta GA, is listed as the Debtor Address, where the company will be managing its bankruptcy proceedings. As a corporation, SC-GA OPERATOR HOLDINGS, INC. has chosen this path to reorganize its debts and seek protection from its creditors. The specific terms of the bankruptcy filing have yet to be made public, but the court filing indicates that the company is taking proactive steps to address its financial obligations. Further details about the bankruptcy information and its implications for stakeholders will likely emerge in the coming weeks as the case unfolds.
SC-GA OPERATOR HOLDINGS, INC. filed for bankruptcy, a significant development in the company's financial restructuring process. According to recent filings, the assets of SC-GA OPERATOR HOLDINGS, INC. fall within the range of $100,001 to $1,000,000. The number of creditors associated with this case is limited to 1-49 entities, indicating that a relatively small group of stakeholders will be impacted by the bankruptcy. Notably, the company's liabilities are estimated to fall between $1MM and $10MM, suggesting that the majority of its debts can be addressed through negotiations or settlements. As a management services company, SC-GA OPERATOR HOLDINGS, INC.'s industry is focused on providing administrative support to other businesses, underscoring the complexities involved in restructuring this type of financial situation. With this bankruptcy filing, the company aims to restructure and emerge stronger, allowing it to continue serving its clients while addressing its financial obligations.
SC-GA OPERATOR HOLDINGS, INC. 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 OPERATOR HOLDINGS, INC. Docket Header
Subchapter_V |
Northern District of Georgia (Atlanta)
Bankruptcy Petition #: 24-60573
Assigned to: Chapter 11 Voluntary Asset |
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| Debtor SC-GA Operator Holdings, Inc. 2870 Peachtree Road Suite 502 Atlanta, GA 30305 FULTON-GA Tax ID / EIN: 83-2213847 aka South Atlantic Health Care |
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 |