Law & Health Weekly
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Bally Total Fitness Holding Corporation
Bally Total Fitness Obtains Favorable First Day Rulings
August 18th, 2007
Bally Total Fitness Holding Corporation (Pink Sheets: BFTH) announced that the U.S. Bankruptcy Court for the Southern District of New York has granted substantially all of its "first day" motions on terms announced in open court. The orders entered by the Court will enable the Company's operations to continue to proceed smoothly and without interruption. Included among the motions granted by the Court are those which permit Bally to continue to pay in the normal course wages, salaries and employee benefits, and directing banks to receive, process, honor and pay all checks presented for payment and electronic payment requests relating to the foregoing. The Court also...
Source: Law & Health Weekly (2007-08-18)
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