BowFlex Inc.

  1. August 26, 2024

    Girardi Denies Fraud Charges, Alex Jones Biz Sale Proposed

    Disbarred attorney Tom Girardi has denied stealing from any of his clients, asking a judge to toss wire fraud charges. Meanwhile, a court-appointed trustee in Alex Jones' bankruptcy has asked a Texas judge to authorize the liquidation and wind-down of Free Speech Systems. This is the week in bankruptcy.

  2. August 20, 2024

    BowFlex Muscles Its Way Through Successful Ch. 11 Case

    Coming into bankruptcy earlier this year with about $76 million of debt, exercise equipment maker BowFlex Inc. successfully confirmed a Chapter 11 plan this week after quickly executing a sale of its assets.

  3. August 19, 2024

    BowFlex Gets OK For Ch. 11 Plan With 3rd-Party Releases

    A New Jersey bankruptcy judge Monday approved fitness equipment maker BowFlex Inc.'s Chapter 11 plan, finding the plan's liability releases for third parties were consensual and allowed under the U.S. Supreme Court's June decision in Purdue Pharma.

  4. April 16, 2024

    Retired Judge Carey Dies, Fraudster Charged, Diocese Bails

    The bankruptcy bench in Delaware lost a well-respected colleague, retired Judge Kevin J. Carey, while federal court officials made good on efforts to root out fraud in the nation's bankruptcy courts, and a New York Catholic diocese moved to end its Chapter 11 case without a reorganization plan after abuse claimants roundly rejected its proposal.

  5. April 15, 2024

    BowFlex's $37.5M Ch. 11 Asset Sale Gets Green Light

    A New Jersey bankruptcy judge on Monday approved fitness equipment maker BowFlex Inc.'s sale of assets to its stalking-horse bidder after canceling an auction, saying the company was accepting a fair offer.

  6. March 28, 2024

    BowFlex DIP Approved After Increasing Investigation Budget

    Fitness equipment maker BowFlex Inc. received final approval Thursday from a New Jersey bankruptcy judge of its $25 million debtor-in-possession package after agreeing to an increased investigation budget for the unsecured creditors committee.

  7. March 08, 2024

    BowFlex OK'd For April Auction, $37.5M Stalking Horse Bid

    Fitness equipment maker BowFlex Inc. received a New Jersey bankruptcy judge's approval Friday to sell its U.S. and Canada businesses at an auction next month, setting it up to repay its debtor-in-possession loan and draw up a Chapter 11 liquidation plan.

  8. March 06, 2024

    BowFlex Gets OK For $25M DIP, Plans On April Sale

    A New Jersey bankruptcy judge on Wednesday gave BowFlex permission to draw on $25 million in Chapter 11 financing as the exercise equipment company heads for what it said will be an April asset sale.