Filing Alert: FitLab Chapter 11
FitLab Files Chapter 11 in District of Delaware
FitLab, Inc. and its debtor affiliates⁽¹⁾, a Newport Beach, CA-based multi-brand fitness and sports lifestyle company that operates fitness studios, mass-participation events, and fitness equipment and apparel brands, filed for Chapter 11 protection on Oct. 26 in the U.S. Bankruptcy Court for the District of Delaware.
The company reports $10 million to $50 million in assets and $100 million to $500 million in liabilities. The filing indicates that there will be funds available for distribution to unsecured creditors. The case number is 26-11681.
⁽¹⁾ For a complete list of debtor entities, see the Chapter 11 Debtors table.
Chapter 11 Debtors
Top Unsecured Claims
Key Parties
Counsel:
- Thomas J. Francella, Jr.
Raines Feldman Littrell LLP
Email: tfrancella@raineslaw.com
Financial Advisor / CRO:
- Force 10 Advisors, LLC (Nicholas Rubin)
Investment Banker:
- Hilco Corporate Finance, LLC
Claims Agent:
- Stretto, Inc.
Equity Security Holders:
- FitLab Fund Management, LLC – 80% Equity Interest
- FitLab, LLC – 20% Equity Interest
Bondoro Insights is continuing to monitor this case and will provide further coverage as appropriate.
Stay informed on every Chapter 11 bankruptcy case with liabilities exceeding $10 million. Subscribe for free to have our coverage delivered directly to your inbox, and explore our full archive of past summaries.
Explore Bondoro Insights for live case dockets and comprehensive coverage of material filings from petition to plan confirmation.
