Pure Weight Loss Files Chapter 7 Bankruptcy Protection
(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 said 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 did not 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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7 opinions for Pure Weight Loss Files Chapter 7 Bankruptcy Protection
Tom Stanley
Jan 17, 2008 at 6:28 pm
I found your site on technorati and read a few of your other posts. Keep up the good work. I just added your RSS feed to my Google News Reader. Looking forward to reading more from you.
Tom Stanley
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Jan 21, 2008 at 10:47 am
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Art
Jan 21, 2008 at 2:16 pm
The Executive Management of Pure Weight Loss should be investigated for deceptive and predatory business practices and prosecuted to the fullest extent of the law. It appears a “shell game” is/was going on and the consumers have now been FU___ed!
And the “discounts” being offered to its clients left hanging are no discounts - they are the same “specials” offered to any bum off the street, just worded so they appear PureWeightLoss is “helping” their stranded former clients…what a travesty!
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Jan 31, 2008 at 3:48 pm
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Pure Weight Loss Adds Insult to Injury Part 2
Jan 31, 2008 at 3:48 pm
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Kim Matunis
Feb 4, 2008 at 9:00 am
DOes anyone have a phone number or web address to get us listed as creditors for the bankruptcy. I am also wondering about criminal charges for writing checks on a closed account. I got a refund check written on a closed account from Pure Weight Loss….anyone know if we can get the guy that way?
Kim
twinmommy
Apr 16, 2008 at 8:19 pm
Kim M,
You can go to your local police station and file a report and put a warrant out for deposit account fraud and may be see about theft by deception.
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