Newschannel 6 first told you about The Gym, formally known as Gold's Gym on Maplewood Ave., shutting its doors Sunday. Many members who showed up to work out, left confused and upset.
A sign on the door directed all inquiries to Monte J. White & Associates Law Firm. Newschannel 6 spoke with Mr. White and he said The Gym closed due to lack of business.
White also said the business has not filed for bankruptcy. He is working with the owners of The Gym to explore all options. White said it is unlikely The Gym will be able to pay all its debts.
In an effort to offer some relief, The Gym has tentatively agreed to a deal with Powerhouse Gym on Lawrence Road. Powerhouse CEO Bart Thomas said his gym will honor all contracts which have been paid in full. They will also honor the rates of those who pay by the month.
Here's what that means:
- If you paid for your year long membership up front at The Gym:
You can now work out for the remainder of your contract at Powerhouse at no additional cost
- If you pay for your year long membership at The Gym every month:
Powerhouse will honor your monthly rate for the remainder of your contract.
Those who don't want to work out at Powerhouse, and just want their money back must now wait for The Gym to take some kind of legal action. Newschannel 6 contacted the District Attorney's office to figure out if The Gym must file for bankruptcy by a certain time or face criminal charges. No word yet on any timeline.