Conflicts Counsel to Bally Total Fitness

Steven J. Reisman

Practice Area:Chapter 11 Bankruptcy

Outcome:Successful reorganization

Description:Bally Total Fitness received the “Chapter 11 Reorganization of the Year” award for companies with $500 million - $1 billion in assets. The reorganization plan cleared the way for the U.S. health club operator to emerge from Chapter 11 by reducing its debt by roughly $700 million to less than $100 million.