Wednesday, March 24, 2010

Crunch Fitness Chapter 11 Plan Goes For Vote

“Creditors of Crunch Fitness, once a chain of 19 high-end fitness clubs, can begin voting on the liquidating Chapter 11 plan that offers $150,000 to unsecured creditors. The bankruptcy judge in New York approved the explanatory disclosure statement at a March 18 hearing. The confirmation hearing for approval of the plan is set for May 20.”

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