Did you hear?... Court sets final hearing to approve Keys bankruptcy reorganization plan

In a hearing before the U.S. Bankruptcy Court, Northern District of Texas, the date for a final hearing to confirm the reorganization plan filed by Keys in July was set for Sept. 3.
Author:
Updated:
Original:

In a hearing before the U.S. Bankruptcy Court, Northern District of Texas, the date for a final hearing to confirm the reorganization plan filed by Keys in July was set for Sept. 3.

To read a July 7, 2008, SNEWS® story summarizing the plan and the case, click here.

Votes by creditors on the plan must be submitted to the court by Aug. 29, with the last day to object to the plan set for Aug. 26. The hearing will be held before Judge Harlin D. Hale, at the courthouse at 1100 Commerce St., on the 14th floor, in Dallas, Texas.

Keys, which would be after confirmation known as "reorganized fitness," since the case combined both Keys Fitness and Keys Backyard, may not now alter any part of the statements or plans filed with the court.

In a small wrinkle, on July 30, Icon Health & Fitness filed for clarification on non-applicability of the automatic stay since it filed an infringement suit against Keys in 2006 before bankruptcy proceedings began. A hearing on that request is set for Aug. 25.

Related

Did you hear?...Keys bankruptcy reorganization plan approved by court despite belated objection by Icon

The U.S. Bankruptcy Court, Northern District of Texas, has approved the amended plan for Keys in its Chapter 11 bankruptcy reorganization case. The first plan was filed July 3 (click here to see a story about that plan and its contents in a July 7, 2008, SNEWS® story.), while ...read more

Did you hear?...Court approves sales of Keys Fitness assets; who will get them next?

In a court hearing on Nov. 20, the U.S. Bankruptcy Court, Northern District of Texas, Dallas, has approved the sale of Keys Fitness and Backyard assets and inventory by owners Jacobson Partners. As reported in a Nov. 17 SNEWS® story (click here to read), the Ironman-branded ...read more

New Leaf parent's reorganization plan approved by bankruptcy court

Angeion Corporation (NASDAQ: ANGVC) has announced the United States Bankruptcy Court for the District of Minnesota, Third Division, has confirmed the company's Joint Modified Plan of Reorganization, dated Sept. 4, that took effect Oct. 25 that will allow the company to emerge ...read more

BallyFit_Logo.jpg

Did you hear?...Bankruptcy court approves continued operations by Bally, discusses Hilco employment

In a swarm of filings, objections, motions and approvals, the court in the Ch. 11 bankruptcy reorganization case of Bally Total Fitness stayed busy over the holidays. A motion to approve the employment of Hilco real estate consultants was set on the agenda for a hearing Jan. 7. ...read more

TKO: Bankruptcy reorganization plan OK'd by court, schedules return to HFB show

Ten months after filing for Ch. 11 bankruptcy reorganization, TKO Sports Group USA Limited has decided to exhibit in a small space at the Health & Fitness Business Show, Aug. 3-5. The company in the meantime has consolidated facilities and products and laid-off a founder to ...read more

Malden Mills Files Reorganization Plan With Courts

Malden Mills made the first significant step to emerge from Ch. 11 protection by filing Aug. 19 a Disclosure Statement for the Joint Plan of Reorganization with the U.S. Bankruptcy Court for the District of Massachusetts. A hearing to consider the relief sought in the ...read more

TKO files Ch. 11 bankruptcy reorganization

Rumors of financial instability have culminated for TKO Sports in a filing for Chapter 11 bankruptcy reorganization in a Texas court just days before the new federal laws on bankruptcy took effect. TKO Sports Group USA Ltd. quietly filed on Oct. 11 for the court protection plan ...read more

Fitness financials: Bankruptcy court OKs Bally's Ch. 11 reorganization plan, plus Dick's, GSI Commerce

Bankruptcy court OKs Bally's Ch. 11 reorganization plan On Sept. 17, Bally Total Fitness (Pink Sheets: BFTH) said the U.S. Bankruptcy Court for the Southern District of New York has entered an order confirming the company's amended prepackaged Chapter 11 plan of reorganization. ...read more

Keys Fitness ownership seeks court approval to sell all assets

Two months after a bankruptcy court approved a Ch. 11 reorganization plan by Keys Fitness ownership -- an approval that was voided a week later on the request of owners -- the private equity ownership group has asked for court approval to sell all Keys' assets at a fraction of ...read more