Fitness Company Files for Bankruptcy

The Australian-themed Oz Fitness chain in the Spokane, Washington area has reportedly filed for bankruptcy protection. According to reports, the business filed for Chapter 11 bankruptcy as a way to reorganize debt. In the filing, the business reportedly listed assets at almost $32,000 while liabilities were listed at $186,501. Chapter 11 bankruptcy will allow the business to reorganize debt in order to continue operations.

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