SC-GA PROPCO HOLDINGS, LLC Bankruptcy Filing
Case Number: 24-60574
SC-GA PROPCO 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 #24-60574.
SC-GA PROPCO HOLDINGS, LLC Filing Information
SC-GA PROPCO HOLDINGS, LLC filed for bankruptcy on October 4, 2024, with case number 24-60574, marking a significant development in its financial restructuring. As a corporation, the company is required to adhere to specific procedures and guidelines in filing for bankruptcy. The bankruptcy information revealed that SC-GA PROPCO HOLDINGS, LLC has filed for protection under Chapter 11 of the US Bankruptcy Code, which provides a framework for companies to reorganize their debts and finances. Located at 2870 Peachtree Road, Suite 502, Atlanta GA, the company's debtor address serves as the central hub for its bankruptcy proceedings. The Georgia Northern Court will oversee the bankruptcy case, ensuring compliance with all relevant laws and regulations. With this filing, SC-GA PROPCO HOLDINGS, LLC has initiated a process to restructure its financial obligations, seeking a fresh start amidst an uncertain business landscape.
SC-GA PROPCO HOLDINGS, LLC has filed for bankruptcy, a move that signifies the company's financial struggles are severe enough to warrant external assistance. The filing reveals that the company has minimal assets, with a range of $0 to $100,000 available to pay off its debts. This stark contrast highlights the significant financial burden SC-GA PROPCO HOLDINGS, LLC faces. With only one creditor involved, it appears the company's relationship with its sole creditor is complex and potentially contentious. The company's liabilities are similarly modest, ranging from $0 to $100,000. As a management and enterprise management firm, SC-GA PROPCO HOLDINGS, LLC operates in an industry known for overseeing the financial and operational aspects of other companies, underscoring the scale of its own financial difficulties.
SC-GA PROPCO 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 PROPCO HOLDINGS, LLC Docket Header
Subchapter_V |
Northern District of Georgia (Atlanta)
Bankruptcy Petition #: 24-60574
Assigned to: Chapter 11 Voluntary Asset |
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| Debtor SC-GA Propco Holdings, LLC 2870 Peachtree Road Suite 502 Atlanta, GA 30305 FULTON-GA Tax ID / EIN: 83-2478502 |
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 |