News

Springfield Gold’s Gym Closed Due to Bankruptcy

/Will Stevenson


Many months of financial losses have become like a difficult dead-lift for Springfield’s Gold’s Gym.

A Springfield federal bankruptcy judge has approved a motion filed by attorneys for creditor Illini Bank to convert the gym’s Chapter 11 rehabilitation bankruptcy into a Chapter 7 liquidation bankruptcy.

As a result, the gym closed earlier Tuesday. Court documents indicate that the gym has lost 161-thousand dollars so far this year as of August 31st, and has had multiple months of losses since the initial bankruptcy filing a year and a half ago.

A sale of the gym had not yet happened by a late-August deadline, also according to court records.

Recent Headlines

55 minutes ago in Lifestyle, Trending

Parents under pressure offer creative tips for moving Santa’s spy Elf on the Shelf

Fresh

Elf on the Shelf, who turns 20 this year, has created lots of family memories, laughter and the occasional parental panic over where to move the elf next.

1 hour ago in Entertainment, Holiday Guide, Local

Make a wish: ‘Rock-a-Thon’ Friday kicks off WYMG’s ‘Christmas Wish’ campaign

Fresh
WYMG's "Classic Rock-a-Thon" for "Christmas Wish" is Friday, December 5.

Money raised helps grant the "wishes" of those nominated.

8 hours ago in Entertainment

The PlayStation turns 30: Looking back at the console that gave us Lara Croft and ‘The Last of Us’

From big-budget Hollywood fare like "Lara Croft: Tomb Raider" starring Angelina Jolie, to Juice WRLD's video for "Hear Me Calling" to "The Last of Us" on HBO Max, the PlayStation experience has leapt far past the console.