Bally Total Fitness: bankrupt

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Bally Total Fitness filed for bankruptcy today with more than $1 billion in debt and more than 100,000 creditors. The high debt made financial maneuvers difficult in today's economic climate. This is the second bankruptcy for Bally in 14 months. The filing does not address fitness center operations.

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Timely Demise tracks the retail industry as it changes with our unprecedented economic environment. Published by David Wertheimer. Did I miss something? Drop me a line.

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This page contains a single entry by David Wertheimer published on December 3, 2008 2:59 PM.

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