Balance Sheets Flabby, Crunch Gym Files For Bankruptcy

Crunch gym filed for bankruptcy last week. Guess that strategy of signing up your members for long contracts, then making it really hard to cancel a membership and continuing to debit people’s bank accounts even after they were supposed to be canceled and generally being total jerks about any member that tried to stop giving them money, even if they moved away or the gym itself closed down…yeah guess that didn’t work out.

Crunch Bankruptcy Shows the Limits of Pole Dancing [Bloomberg] (Photo: nick farnhill)