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Fuel Fitness Trustee Accepts Bids for New Owner

Published Saturday, March 01, 2008

Nashville, Tn — Gary Murphey, who was appointed as the trustee of the troubled Fuel Fitness chain by a bankruptcy court judge last August, is accepting bids for a new owner. Murphey filed a motion with the bankruptcy court to approve the sale of the assets of the company to the highest bidder. “The easiest way to put a new owner or investor in control of an operation that is in Chapter 11 is to sell him all the assets and assign him all the contracts and leases,” Murphey says. “Although it is an asset sale, it is ...

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