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On December 16, 2020, In-Shape Holdings, LLC and two affiliated
debtors (together, the Debtors or In-Shape )
filed voluntary petitions for relief under Chapter 11 of the United
States Bankruptcy Code. In-Shape Holdings, LLC is a health club
operator in Stockton, CA.
The company reports $50 to $100 million in assets and more than
$100 million in liabilities, including a first-lien revolving
credit agreement of up to $17 million and $53 million in term
loans.
In-Shape entered into an asset purchase agreement to sell
substantially all of the Debtors assets with an existing