Pure Weight Loss Files Chapter 7 Bankruptcy Protection
January 17, 2008 by Sean Kelly
Filed under Business
(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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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
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!
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
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.