Bally Sprints Out Of Bankruptcy

Law360, New York (October 2, 2007, 12:00 AM EDT) -- After only two months in Chapter 11 protection, Bally Total Fitness Holding has emerged from bankruptcy as a private company, hoping to leave a heavy debt load and sinking profits in its past.

On Tuesday, Bally officially completed its bankruptcy exit, capping off a brief stint in Chapter 11 for the Chicago-based fitness giant that began on July 31, 2007, according to court documents.

News of the emergence comes less than two weeks after the U.S. Bankruptcy Court for the Southern District of New York signed...
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