The owner of a Gold’s Gym files for Chapter 11
The owner of the Gold’s Gym on Industrial Drive filed for Chapter 11 bankruptcy protection last week, but plans to keep the gym open.
The largest debt of G.G.M. Fitness Management, the corporation that owns the gym, is $500,000 in rent in arrears to its landlord, according to public filings. The landlord had started an eviction proceeding on the gym, and G.G.M. was due in court Monday, according to the filings. The business has 34 employees and $6,800 in weekly payroll.
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