Reply to a comment  Reply to this comment  jibthe3rd writes:  If
it were me (which it's not) I would sell off the assets, pay my
creditors and cut my losses. Let's be real. Basically, these
guys will not get paid. Restructure what? There's nothing to
restructure in the health club business during a major
recession. You can restructure management, downsize staff and
increase dues but you might as well just line up all the members
and employees and run along slapping everybody. All these bills
"chap 11" don't have to pay, the rest of us will pay through
increased prices. Your only real hope would be new members but
the bad news is unemployed or scared employed people don't join
gyms. Call it a day and pay your debts.