UPSCALE DEVELOPMENT LLC Bankruptcy Filing
Case Number: 24-62687
UPSCALE DEVELOPMENT LLC filed a 11 chapter bankruptcy in the Northern District of Georgia bankruptcy court on December 02, 2024. This is a voluntary filing; it was assigned the bankruptcy case number #24-62687.
UPSCALE DEVELOPMENT LLC Filing Information
The bankruptcy petition for UPSCALE DEVELOPMENT LLC showed assets in the range of $1MM - $10MM with liabilities in the range of $1MM - $10MM. UPSCALE DEVELOPMENT LLC reports that the number of creditors is in the range of 1-49.
The debtor indicated their nature of business as 'None of the Above'. The nature of business option is fairly limited; most companies will chose 'None of the Above'. The options include: 'Health Care Business', 'Single Asset Real Estate', 'Railroad', 'Stockbroker', 'Commodity Broker', 'Clearing Bank', or 'None of the Above'.
UPSCALE DEVELOPMENT 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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UPSCALE DEVELOPMENT LLC Docket Header
Subchapter_V, SmBus |
Northern District of Georgia (Atlanta)
Bankruptcy Petition #: 24-62687-sms
Assigned to: Judge Sage M. Sigler Chapter 11 Voluntary Asset |
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| Debtor Upscale Development LLC 11410 Veterans Memorial Hwy Douglasville, GA 30134 DOUGLAS-GA Tax ID / EIN: 82-3176835 |
rep. by |
Paul Reece Marr
Paul Reece Marr, PC 6075 Barfield Rd., Ste 213 Sandy Springs, GA 30328 770-984-2255 Email: paul.marr @ marrlegal.com |
| U.S. Trustee United States Trustee 362 Richard Russell Federal Building 75 Ted Turner Drive, SW Atlanta, GA 30303 404-331-4437 |