The Governors Gun Club of Kennesaw filed a Chapter 11 case in the Northern District of Georgia on August 17, 2022. Case No. 22-20787-jrs. The reason for the filing, as stated in pleadings filed with the Court –
Like so many other small businesses, the Debtor suffered a series of setbacks at the hands of the pandemic. Debtor is a membership based business that offers its members a luxury experience for indoor shooting facilities, including an indoor shooting range, professional firearms training, concerts, and a situational training simulator. Debtor also offers packages for corporate and social events at its club.
The Debtor has identified South State Bank as the primary secured lender, with a balance owed of $8,619,776.00. The Bank has security interest in the Debtor’s real property and primary place of business, 1005 Cobb Place Blvd. NW, Kennesaw, Georgia 30144. The property is co-owned by Web IV, LLC, which also filed its own Chapter 11 case on August 17, 2022. Case No. 22-20790-jrs.
Scott Riddle’s practice focuses on bankruptcy and reorganization. Scott has represented businesses and other parties in Bankruptcy cases for almost 30 years. You can contact Scott at 404-815-0164 or scott@scottriddlelaw.com. For more information, click here.