Print
Mar 16, 2007 1:02 pm US/Eastern
Bally Total Fitness Might File For Bankruptcy
NEW YORK (CBS) ―
You might go there to shed a few pounds, but now Bally Total Fitness is financially out of shape.
The company says it has more than $800 million in outstanding debt and only $45 million in cash. That means it might have to file for bankruptcy protection.
Bally's also told the SEC that it can't file an annual report for 2006.
(© MMVII, CBS Broadcasting Inc. All Rights Reserved.)
