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Peak Fitness files for bankruptcy

Posted April 10, 2009

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— The parent company of some Peak Fitness health clubs in the Triangle filed for bankruptcy Thursday, saying it owes nearly 200 creditors a total of between $500,000 to $1 million.

Peak Capital Holdings LLC also cited $50,000 in assets.

Jim Henderson, the company's attorney, said Friday that amount wasn't completely accurate and that he has 15 days to provide a complete list of assets to the court.

Henderson said the company intends to keep its locations open.

Earlier this year, a Superior Court judge ordered the health-club chain to change its operating practices in response to hundreds of complaints over the past five years that dealt with contracts and billing practices.

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  • jeff12 Apr 10, 2009

    In response to Trivr... yes, actually. The parent, parent, parent company of all Peak Fitness and Gold's Gym locations in NC (and many in other states as well) is Southeastern Fitness. A Nevada-based company with NC-based owners, SF is actually run out of a small office on Six Forks Road - where they're so scared of people coming to visit, you have to get buzzed into the stairwell to come up to the second floor (where their offices are).

    "Peak Fitness", in any form, is a shell - an insulator to protect Southeastern Fitness from liability or responsibility. So, if you'd care to sue them in small claims court for whatever problem they caused you, make sure you go after Southeastern... not just Peak. :)

  • anonemoose Apr 10, 2009

    Now if only they could get a Judge to look at the ones that just Opened one on Louisburg Rd between Fox Rd and the river. They like to keep billing and billing, even without a contract. It took the Attorney General and closing the credit card to get them to stop.

  • rayraynral Apr 10, 2009

    No big surprise. The locker room & showers in the downtown location were downright nasty.

  • MikeInApex Apr 10, 2009

    The center in Apex is already flying the 'X2' banner (or something like that). Yet another rip of pending...

  • Trivr Apr 10, 2009

    I wonder if there's a handful of bad apple owners/managers which just keep moving from company to company. I was one who has been treated totally unfair. First Gold's Gym, then...the company which bought out Gold's... now this story says Peak has member issues. Interesting...

  • write4u Apr 10, 2009

    This doesn't suprise me. At least they're not asking the FED to bail them out.

  • mwilliams2 Apr 10, 2009

    Maybe people have realized that walking or running is free.

  • piratejosh76 Apr 10, 2009

    Well thank goodness I didn't renew my membership! Plans on staying open? That place will close within the month.