(FranchisePick.Com) It’s official. Last Friday Pure Weight Loss filed for Chapter 7 bankruptcy protection from more than 100,000 creditors. In the Pure Weight Loss bankruptcy filing, PWL estimated its assets at $1 million to $10 million and its liabilities at $10 million to $50 million.
Source: The Philadelphia Inquirer, Posted on Wed, Jan. 16, 2008
Business news in brief
Pure Weight Loss files for Chapter 7 protection
Pure Weight Loss Inc., the Horsham diet company, filed for Chapter 7 bankruptcy protection Friday in U.S. Bankrupty Court, Philadelphia. In a court document, the company stated it had more than 100,000 creditors. It estimated its assets at $1 million to $10 million and its liabilities at $10 million to $50 million. The company announced in December that it was closing its weight-loss centers Jan. 4. The company’s lawyer didn’t return a phone call yesterday. - Stacey Burling
Source: Kathy, FranchisePick.com reader comment:
I wrote to the Ohio Attorney Generals office and they informed me today that Pure Weight Loss has filed Chapter 7 Bankruptcy. You can contact the following to see if you can file a proof of claim form:
US Bankruptcy Court, Clerks Office
Case #08-10315
900 Market St. Suite 400
Philadelphia, PA 19107
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