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Blink Holdings, Inc.
Case Number:
1:24-bk-11686
Court:
Nature of Suit:
Firms
Companies
Sectors & Industries:
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November 13, 2024
Blink Fitness Gets OK For $121M Sale To PureGym
A Delaware bankruptcy judge has approved Blink Fitness' $121 million sale of its assets to U.K.-based PureGym Ltd., whose subsidiary won an auction held late last month, overruling objections over the auction's fairness as unfounded.
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November 07, 2024
Blink Asks Court To OK Contested $121M Stalking Horse Sale
Two gym chains sparred over the assets of Blink Fitness Inc. in Delaware bankruptcy court Wednesday and Thursday, with a franchisee of U.S. mainstay Planet Fitness trying to upend a planned sale to the winning bidder, U.K.-based international gym operator PureGym Ltd.
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November 04, 2024
Purdue Buys Time For Creditor Deal, Eletson Plan Confirmed
Facing a litigation stay deadline after the U.S. Supreme Court overturned its Chapter 11 plan, OxyContin maker Purdue Pharma was given a new one-month extension of the stay so that its creditors and the Sacklers can continue mediating to settle claims.
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October 31, 2024
PureGym's $121M Bid For Blink Fitness Tops Ch. 11 Auction
Troubled gym chain Blink Fitness has informed the Delaware bankruptcy court that a unit of U.K.-based global gym operator PureGym Ltd. was the successful bidder in the insolvent company's Chapter 11 asset auction with a $121 million stalking horse bid.
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September 04, 2024
US Trustee Slams Blink Fitness' Pitch For Insider Bonuses
The U.S. Trustee's Office has asked a Delaware bankruptcy judge to toss gym chain Blink Fitness' request to make bonus payments to four insiders, saying there is no evidence the bonuses will incentivize those insiders to do more than stay with the debtor until a sale is completed.
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August 14, 2024
Meet The Attys Running Gym Chain Blink's Ch. 11
A team of attorneys from Young Conaway Stargatt & Taylor LLP is handling the bankruptcy case of Blink Fitness, a budget gym chain owned by higher-end gym company Equinox Fitness.
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August 13, 2024
Judge To Give Gym Chain OK To Tap $28M Of Ch. 11 Funding
A Delaware bankruptcy judge on Tuesday agreed to grant bankrupt gym chain Blink Fitness interim approval to access $28 million of its $73 million proposed debtor-in-possession loan, along with a host of customary motions.
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August 12, 2024
Byju's Dodges Dismissal, Crypto Updates, SunPower Filing
The U.S.-based affiliate of Indian educational technology giant Byju's avoided the dismissal of its Chapter 11 case in Delaware, a subpoena for cellphone records from former bankruptcy judge David R. Jones was quashed, and a $2 billion bankruptcy from a residential solar technology company was filed. This is the week in bankruptcy
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August 12, 2024
Blink Fitness Hits Ch. 11 In Delaware With $280M Debt
Budget gym chain Blink Fitness and more than 130 affiliates filed for Chapter 11 bankruptcy protection in Delaware with $280 million in debt and plans for an asset sale.