In-Shape Approved For $45M Ch. 11 Sale Of Calif. Gym Clubs

Law360 (February 19, 2021, 9:05 PM EST) -- Bankrupt fitness chain In-Shape Holdings received approval Friday in U.S. Bankruptcy Court in Delaware for a $45 million sale of its 49 clubs to a stalking horse bidder whose offer was not challenged in a Chapter 11 sale process.

During a virtual hearing, debtor attorney Jane Kim of Keller Benvenutti Kim LLP said the proposed sale could go forward after the official committee of unsecured creditors assented to the transaction.

"As is often the case, a lack of drama in the courtroom is the result of a lot of work done behind the scenes," Kim said.

Despite extensive prepetition and post-petition...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!


Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!