Bally Total Fitness aims to exit bankruptcy in coming weeks

By Alice Popovici

New York, Aug. 20 - Bally Total Fitness Holding Corp. is expected to emerge from Chapter 11 bankruptcy in late August to early September, said Larry Larsen, a spokesman for the company.

Larsen said the company is not providing an exact date.

As previously reported, the company's plan of reorganization was confirmed Wednesday by the U.S. Bankruptcy Court for the Southern District of New York.

Bally, a Chicago-based fitness center operator, filed for bankruptcy on Dec. 3, 2008. Its Chapter 11 case number is 08-14818.

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