AGA Real Estate Security Files Chapter 11 in Northern District of Georgia

AGA Real Estate Security, LLC, a Lagrange, Georgia-based real estate holding company and lessor of real estate, filed for chapter 11 protection on April 5, 2026, in the U.S. Bankruptcy Court for the Northern District of Georgia. The petition, filed under case number 26-10552, lists estimated assets and liabilities each in the range of $10 million to $50 million. AGA Real Estate Security is a subsidiary of AGA Group Holdings LLC, which holds a 100% equity interest in the debtor. The case is assigned to the court's Newnan division, which administers bankruptcy filings from Troup County and eight other counties in western Georgia.

Debtor	AGA Real Estate Security, LLC
Court	U.S. Bankruptcy Court, Northern District of Georgia (Newnan)
Case Number	26-10552
Petition Date	April 5, 2026
Estimated Assets	$10 million -- $50 million
Estimated Liabilities	$10 million -- $50 million

Filing Posture and Case Path

AGA Real Estate Security operates as a real estate holding company and lessor in Lagrange, Georgia, a city of approximately 35,000 residents in Troup County, roughly 60 miles southwest of Atlanta. The company is managed by Jacquelyn Fletcher and functions as a single-entity subsidiary within the AGA Group Holdings LLC corporate structure.

The petition indicates that funds will be available for distribution to unsecured creditors. The estimated asset and liability ranges are each between $10 million and $50 million. The petition does not itemize specific properties.

Brad Fallon of Fallon Law PC, an Atlanta-based bankruptcy firm, serves as debtor's counsel. Fallon has practiced bankruptcy law since 1984. No official committee of unsecured creditors has been appointed at this stage.

Corporate Structure and Ownership

AGA Group Holdings LLC holds a 100% equity interest in AGA Real Estate Security. The filing covers AGA Real Estate Security as a single-entity debtor; there is no indication in the initial petition that affiliated entities have filed companion petitions. Whether AGA Group Holdings or other affiliates hold additional real property outside the debtor's estate is not disclosed in the chapter 11 petition.

Under 11 U.S.C. section 101(51B), a single-asset real estate case is one in which the debtor operates real property constituting a single property or project that generates substantially all of its gross income. If the case is designated as single-asset real estate, section 362(d)(3) requires the debtor to file a plan or begin making interest payments to the secured lender within 90 days of the order for relief, or the lender may seek stay relief.

Pending Milestones and Procedural Outlook

The case is in its earliest procedural stage. The chapter 11 petition establishes the baseline financial ranges but does not yet itemize individual properties, secured lenders, or unsecured claim holders. Pending milestones include:

• Schedules and statements: The debtor's schedules of assets and liabilities and statement of financial affairs will identify specific real properties, secured creditors, lease counterparties, and the full scope of unsecured claims.
• Single-asset designation: If the court or the U.S. Trustee determines the case qualifies as a single-asset real estate case, shortened deadlines under section 362(d)(3) will apply.
• Meeting of creditors: The U.S. Trustee will schedule a section 341 meeting of creditors, at which the debtor's management will be examined under oath.

Frequently Asked Questions

What does AGA Real Estate Security do? AGA Real Estate Security, LLC operates as a real estate holding company and lessor of real estate based in Lagrange, Georgia.

When did AGA Real Estate Security file for bankruptcy? The company filed its chapter 11 petition on April 5, 2026, in the U.S. Bankruptcy Court for the Northern District of Georgia under case number 26-10552.

How large is the AGA Real Estate Security bankruptcy? The petition lists estimated assets and liabilities each in the range of $10 million to $50 million.

Who owns AGA Real Estate Security? AGA Group Holdings LLC holds a 100% equity interest in AGA Real Estate Security, LLC.

Who is representing the debtor? Brad Fallon of Fallon Law PC, an Atlanta-based bankruptcy firm, serves as debtor's counsel.

What court division is handling the case? The case is assigned to the Newnan division of the Northern District of Georgia, which covers Troup County and eight other counties in western Georgia.

For more bankruptcy case coverage, visit the ElevenFlo bankruptcy blog.