Judge Says Bally's Chapter 11 Plan Is Fit

Law360 (September 17, 2007, 12:00 AM EDT) -- A Manhattan bankruptcy court has signed off on Bally Total Fitness' reorganization plan, which the Chicago-based company says puts it on track to emerge from Chapter 11 as a private company by the end of September, after only two months in bankruptcy.

U.S. Bankruptcy Judge Burton R. Lifland signed off on an order approving Bally's disclosure statement and confirming the company's first amended prepackaged plan of reorganization on Monday.

Judge Lifland's decision that Bally had met the statutory requirements necessary to confirm its plan clears the...
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