YouFit Health gets 60-day extension of exclusive plan filing period

By Sarah Lizee

Olympia, Wash., May 20 – YouFit Health Clubs, LLC secured a 60-day extension of its exclusive period to file a Chapter 11 plan through July 7 from May 8, according to an order filed Thursday with the U.S. Bankruptcy Court for the District of Delaware.

As previously reported, the company has obtained court approval of and closed the sale of substantially all of its assets, and the debtors have filed their Chapter 11 plan.

Based on the debtors’ proposed timeline, confirmation of the plan will not occur until late May, after the expiration of the previous exclusive filing period.

“Thus, out of an abundance of caution to bridge these Chapter 11 cases to plan confirmation and the effective date thereafter, the debtors seek an additional extension of the exclusive filing period,” the company had said in its motion.

YouFit is a gym chain with headquarters in Deerfield Beach, Fla. The company filed Chapter 11 bankruptcy on Nov. 9, 2020 under case number 20-12841.

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