Youfit Health Clubs filed for Chapter 11 bankruptcy this morning in the District of Delaware, docket #20-12853 MFW. The club with more than 80 locations in Alabama, Arizona, Florida, Georgia, Louisiana, Maryland, Pennsylvania, Rhode Island, Texas and Virginia, follows in the footsteps of other health clubs that have filed for Chapter11 protection in the last few months, including New York Sports Clubs and 24-Hour Fitness.
The company has had difficulties with the resignation in June of its founder, Rick Berks as well as a class action lawsuit, along with navigating the gym industry in the wake of Covid-19.
If you have a Youfit Health Club lease in your portfolio or if you are a trade creditor owed money, Stark & Stark’s Shopping Center Group can help. Our bankruptcy attorneys regularly represent landlords throughout the country, including the Eastern District of Missouri, District of New Jersey, Southern District of New York, District of Delaware, District of Minnesota and the Western and Eastern Districts of Pennsylvania regarding a variety of issues. Our Group has been counsel to landlords and trade creditors in the 24-Hour Fitness, GNC, Stage Stores, Modell’s, Pier 1, Art Van’s Furniture, Fairway Market, Mattress Firm, Toys “R” Us, Payless, A&P, rue21, Central Grocers and Sports Authority chapter 11 bankruptcy cases. For more information on how Stark & Stark can assist you, please contact Shareholders Thomas Onder at 609-219-7458 (tonder@stark-stark.com) or Joseph Lemkin at 609-791-7022 (jlemkin@stark-stark.com.)