Home https://server7.kproxy.com/servlet/redirect.srv/sruj/smyrwpoii/p2/ Business https://server7.kproxy.com/servlet/redirect.srv/sruj/smyrwpoii/p2/ Here are some of the places Boston Sports Club owes money to

Here are some of the places Boston Sports Club owes money to



The parent company of the Boston Sports Clubs on Monday became the latest victim of the coronavirus pandemic that filed Chapter 11 bankruptcy. began to spread but still charged membership fees. We looked through the company’s bankruptcy filing and found millions in unpaid bills in the Boston region. The Boston Sports Club location of Interstate 95 in Waltham is one of the company’s crown jewels, yet it’s now one of the company’s largest liabilities with more than $ 1.1 million in unpaid rent. The bankruptcy application to Town Sports International, BSC’s parent company, shows that the Waltham debt is the second largest single amount the company owes. In Wellesley, the company owes more than $ 1

million to Babson College for rent on the company’s Wellesley Gym, which sits on campus. Consumer Advocate and former Assistant Attorney Edgar Dworsky said the company’s bankruptcy filing allows it to continue operating, even though the gym is likely to close unprofitable locations with most of its largest debts in rent, which under state law means you can terminate your membership free of charge. “You have no obligation to go to a club other than the one you signed up for,” Dworsky said. “If there is a significant change in the operation of that club, or it closes, you can cancel the contract, period. You do not have to go anywhere else.” BSC may also not be able to deliver an overnight email promise to give all members 45 days free to pay them back for the time they were charged during the COVID-19 shutdown. In the promise of the free 45 days, the company wrote in an email that they want members to feel valued, but many of the company’s financial decisions will be up to the court. Town Sports CEO Patrick Walsh declined a chance to comment on this story.

The parent company of the Boston Sports Clubs on Monday became the latest victim of the coronavirus pandemic and filed Chapter 11 bankruptcy.

WCVB has chronic problems of the training program and goes back to when it closed its doors and dismissed staff in the spring, when COVID-19 first began to spread, but still charged membership fees.

We looked through the company’s bankruptcy filing and found millions in unpaid bills in the Boston region.

The Boston Sports Club location of Interstate 95 in Waltham is one of the company’s crown jewels, yet it’s now one of the company’s largest liabilities with more than $ 1.1 million in unpaid rent.

The bankruptcy application to Town Sports International, BSC’s parent company, shows that the Waltham debt is the second largest single amount the company owes.

In Wellesley, the company owes more than $ 1 million to Babson College for rent on the company’s Wellesley Gym, which sits on campus.

Consumer Lawyer and former Assistant Attorney General Edgar Dworsky said the company’s bankruptcy filing allows it to continue operating, even though the gym is likely to close unprofitable locations with most of its biggest debts in rent, which under state law means you can terminate your membership free of charge.

“You have no obligation to go to a club other than the one you signed up for,” Dworsky said. “If there is a significant change in the operation of that club, or it closes, you can terminate the contract, period. You do not have to go anywhere else.”

BSC may not be able to fulfill an overnight email promise to give all members 45 days free to pay them back for the time they were charged during the COVID-19 shutdown.

By promising the free 45 days, the company wrote in an email that it wants members to feel valued, but many of the company’s financial decisions will be up to the court.

Town Sports CEO Patrick Walsh declined a chance to comment on this story.


Source link