This website is no longer being maintained by Stretto. The website has been archived and certain content remains available for reference.
Dear In-Shape Community:
As you know, California’s mandated shutdown of gyms due to COVID-19 has kept us closed for the better part of 2020.
Providing you with a safe place to work out and a welcoming community has always been our focus. We have enhanced our experience this year with a new reservation app which enables you to both reserve your time at the club as well as reserve your favorite amenity (class, lap swim, etc.). We have also implemented the highest standards of safety including cleanliness, touchless check-in and many other safety protocols, and we have multiple In-Shape Outdoors open to help our members stay healthy during the current shutdowns. We look forward to welcoming our members back into our clubs.
While thousands of health clubs and gyms have been operating safely across the nation throughout much of the pandemic, California’s restrictive COVID-19 policies have severely damaged the state’s fitness industry and have dramatically impaired In-Shape’s revenue for nearly 10 months. Despite beginning 2020 as a strong, thriving company, this has led us to take steps to restructure so we can focus our resources to ensure our long-term viability. In-Shape has been helping Californians to stay healthy, fit and happy for nearly 40 years, and we’re not going anywhere.
On December 16, 2020 (the “Petition Date”), In-Shape Holdings, LLC and two affiliated debtors (together, the “Debtors”) filed voluntary petitions for relief under Chapter 11 of the United States Bankruptcy Code. The Debtor's case was assigned case no. 20-13130 and is being jointly administered before the Honorable Laurie Selber Silverstein in the United States Bankruptcy Court for the District of Delaware (the “Bankruptcy Court”).
On September 10, 2021, a Final Order dismissing the Debtors' Chapter 11 cases was entered.
Professionals
Counsel to the Committee of Unsecured Creditors KELLEY DRYE & WARREN LLPPOTTER ANDERSON & CORROON LLP
Debtors’ Investment Banker/Financial Advisor CHILMARK PARTNERS
Debtors’ Real Estate Consultant B. RILEY FINANCIAL
Office of the U.S. Trustee U.S. DEPARTMENT OF JUSTICE