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In-Shape Health Clubs Files for Chapter 11 Restructuring

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In-Shape Health Clubs is the latest health club company to file for Chapter 11 due to shutdown of health clubs because of the COVID-19 pandemic. (Photo courtesy In-Shape.)
In-Shape Health Clubs, Bakersfield, California, filed for Chapter 11 restructuring on Dec. 16,
In-Shape CEO Francesca Schuler shared a message on the company’s website stating that the shutdown of health clubs in California for much of 2020 due to the COVID-19 pandemic led to the bankruptcy filing. The company plans to restructure and move forward with reopening clubs once the state allows it to do so.
“I want to reassure you that In-Shape is not going anywhere,” Schuler said in the message. “Our team is committed to serving our amazing community of members, and we plan to continue offering safe, affordable and equitable access to fitness for many years to come.”

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24 Hour Fitness wins approval to exit bankruptcy after closing clubs [San Francisco Chronicle]

24 Hour Fitness wins approval to exit bankruptcy after closing clubs [San Francisco Chronicle]
Dec. 23—Gym chain 24 Hour Fitness won court approval Monday to exit bankruptcy by the end of the year, surviving the coronavirus pandemic after permanently closing around 130 clubs, including 13 in the Bay Area.
The San Ramon company, founded in 1983, was battered by widespread temporary gym closures mandated by public health orders meant to slow infections. The company filed for bankruptcy protection in June and will reduce its debt by around $1.2 billion through a plan approved in the U.S. Bankruptcy Court for the District of Delaware.
“The court’s decision reinforces the strength and promise of our business strategy and our plans for the future,” CEO Tony Ueber said in a statement. The company said it would emerge from bankruptcy with a leaner balance sheet and improved real estate operations.

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24 Hour Fitness wins approval to exit bankruptcy after closing clubs

24 Hour Fitness wins approval to exit bankruptcy after closing clubs
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Kat Velasquez exercises in the outdoor tent area at 24 Hour Fitness in Walnut Creek on Wednesday. The company received court approval to exit bankruptcy by the end of the year.Gabrielle Lurie / The ChronicleShow MoreShow Less
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Jocelyne Garcia (right) and others exercise in the outdoor tent area at 24 Hour Fitness in Walnut Creek Wednesday.Gabrielle Lurie / The ChronicleShow MoreShow Less
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Maneek Dhillon (left), John Kirkland and Michelle Espland work out outdoors. A top 24 Hour Fitness executive said home gyms can’t match the community feel of fitness clubs.Gabrielle Lurie / The ChronicleShow MoreShow Less

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Detailed text transcripts for TV channel - FOXNEWS - 20140211:11:37:00

>> not just about looking better but you're going to feel more powerful, more capable and you're going to carry that into your interactions with other people. >> it is really fun. you get to meet people in a very low-stress environment and do something active. it is a good change from getting drinks at a bar which kind of gets boring. >> this is the love ladder. >> you're supposed to let the girl win. >> are we done yet? >> after the class everyone had to do a mixer to continue their conversations and hopefully exchange numbers. classes start this thursday at select new york sports clubs. and don't worry, if you don't find love on the first night, at least you can make great friends. >> what do you mean by mixer afterwards? you go, you're sweating. do you shower together? do you shower and then meet after? >> preferably.

People , Environment , Interactions , Powerful , Something , Kind , Drinks , Change , Love-ladder , Bar , Girl-win , Class