Gold’s Gym Files For Bankruptcy Protection as Gyms Remain Shut

May 4, 2020, 2:38 PM

Gold’s Gym International Inc. filed for bankruptcy protection, lists as much as $100 million in assets and liabilities.

  • Gym operator filed the bankruptcy in order to close some locations and try to sell itself under terms proposed by TRT Gym Asset Holdings, LLC, according to the bankruptcy petition
  • Dallas, Texas-based company is represented by law firm Dykema Gossett, per petition
    • Debtor negotiates terms of debtor-in-possession loan facility and exit loan facilities with TRT Holdings, Inc., according to filing
  • The case is Gold’s Gym International, Inc. 20-31319, U.S. Bankruptcy Court, Northern District of Texas (Dallas)

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