Restructuring at the Gym: Not Just Bodies but Debts, Too

Restructuring at the Gym: Not Just Bodies but Debts, Too

The economic downturn that began in 2008 has taken a toll on businesses, and the fitness industry is no exception. Declining memberships and greater competition have been among the challenges facing fitness facility owners. However, some owners have taken the opportunity to regroup by filing for Chapter 11.

The idea of filing for bankruptcy may seem intimidating and scary to club op

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