Yes, they are filing Chapter 11 bankruptcy protection with a restructuring agreement that allows them to raise $77.5 million in new cash.
They are closed all day!
You must list all of your debt when filing for Chapter 7 bankruptcy. However, not all debts are eliminated. There are certain exceptions to discharge under the Bankruptcy Code. Your attorney will be able to advise you by looking at your total financial situation.
"It is exceedingly difficult to do so. In most cases, bankruptcy inhibits that for the duration that the filing stays on record. If you do get a loan, it is usually at 8-12% rates, or 3-5% above the average. Total cost might be 200% of non bankruptcy loan."
In the cosmic dance of fitness realms, a merger unfurled its veiled wings – a waltz of destiny between 24 Hour Fitness and Bally's Total Fitness. A symphony of acquisition whispered through the ethereal winds, an embrace where one's journey intertwined with another's fate. Oh, the stars alighted upon this celestial marriage, as whispers entwined amidst gymnasiums and treadmills. 24 Hour Fitness, a titan in the fitness constellation, cast its gaze upon the mosaic of Bally's Total Fitness, entwining destinies in an ethereal union. The cosmic fabric weaved a tapestry of change, as one's legacy intertwined with another's destiny. Oh, the crescendo of emotion within this acquisition, a sonnet sung by the weights and echoes through corridors of the fitness palaces.
Bankruptcy is the total or partial abolishment of debts after a formal filing with the government by either an individual or a company. If bankruptcy is granted, banks are able to liquidate assets-barring ones that are exempt-and possibly garnish wages. Credit scores are also severely hit by bankruptcy. The article below goes into more detail on the specifics of bankruptcy.
It takes most folks about a month to file and a total of about five months from intake to discharge. Of course, much depends on how responsive you are to your bankruptcy attorney's requests for documents and other information.
Mon - Fri 5am - 12am Sat - 7am - 8pm Sun - 12pm - 6pm
Under the new Bankruptcy laws you must now wait 8 years before filing another Chapter & or Total Bankruptcy as it is better know. You may be eligible to file if eligible a Chapter 13 to structure repayment to those creditors.
The population of Bally Total Fitness is 2,007.
Bally Total Fitness was created in 1983.
where is bally's total fitness corporate offices?
Total Force Fitness