Filing Alert: FitLab Chapter 11
FitLab, Inc., a Newport Beach, CA-based multi-brand fitness and sports lifestyle company that operates fitness studios, mass-participation events, and fitnes...
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