Local News

Peak Fitness files for bankruptcy

Posted April 10, 2009 3:19 p.m. EDT
Updated April 10, 2009 6:24 p.m. EDT

— 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.