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Bally Total Fitness Files Bankruptcy, Again

Country's Largest Gym Membership Falls Again; Looking to Sell
By Sasha M Pardy
December 5, 2008 | 9:55 P.M.

Bally Total Fitness of Greater New York and its affiliates, including Bally Total Fitness Holding Corp., filed Chapter 11 Bankruptcy Dec. 3, 2008. Bally reported $480 million in revenues for its first three quarters of 2008. Primary debtors include U.S. Bank, HSBC, Leo Burnett.

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