A recent WSJ article showcased a local Atlanta gym that because of the NFL lockout has caused it to file for bankruptcy protection. The Georgia Training Alliance has filed for Chapter 11 protection, showcasing how the NFL lockout has trickled down to the small business level.
Georgia Training Alliance is a 20,000 square foot gym that was known for being frequented by NFL players. The facility offers extensive power lifting equipment and features a 60 yards of field turf. About two dozen NFL players would typically pay $1,500 per week for access to the training facility during the off-season. Today the gym is quiet, both because of the uncertainty of players, especially rookies, from getting paid and the ability for players to access their team’s medical support.
David Irons Sr., owner of Georgia Training Alliance, warns that other Atlanta small business are going to be affected by the lockout. Those established on the Atlanta sports scene, including financial planners, cooks, and massage therapists are likely to continue to see business drop, if not be faced with needing to shut down.
Irons has filed for Chapter 11, which will allow his company to hold off its creditors during the NFL lockout. A July filing with the U.S. Bankruptcy Court in Atlanta showed that the company’s assets are worth less than $50,000. The company owes its creditors about $200,000.
Read NFL Lockout Blamed for Georgia Gym’s Bankruptcy
Berry & Associates offers Chapter 7 and Chapter 13 bankruptcy. The Georgia bankruptcy law firm is based in Atlanta and has 11 regional offices, including a Duluth bankruptcy office. Duluth, like Lawrenceville is in Gwinnett County.







