TVFF was forced to file Chapter 7 Bankruptcy late 3/21/14.
I wanted to update you from yesterday's email and provide some explanation.
Last week I was placed in a position to sale TVFF or close the doors. The sale
although may have sound great - the details were not and left many issues. Over
the next week the lawyers did their thing and we thought we had a
resolution. Following the guidelines of our lawyer we prepared for what
we thought would be a sale and closed for maintenance of confirming inventory
and pulling together the TVFF business items as the new owners would be changing
the name but the goal was to be seamless in close for a few days left TVFF move
out new owners move in. Late Friday afternoon we were informed that there
would not be a deal and were left with the option to file bankruptcy.
When we closed the doors Friday, I had every notion that the doors would be
open sometime next week. So many times you hear the phrase business is
business. The hardest part of this last week is that this isn't business to me.
When I looked at the option all I saw were the faces of my staff and the faces
of you the member. I am so devastated that I was unable to make something work
so that you all could continue with your healthy lives. I am glad that
were able to touch the lives of so many people. Some it was as simple as
to learn to walk on a treadmill for a stress test, others to lose weight for a
surgery, some just to maintain and work out with friends. I do hope that
during the time the you were able to come that we met the mission of community
and family. I am sure many of you may have just purchased an item or had
membership fees pulled. I honestly do not know what the next steps are with
this. These were part of things I was fight to avoid but unsuccessful.
Our lawyer wanted to wait to give instructions until next week but I didn't
want to send the updated note. I should have sent last night; however, for me
this is like the loss of a family member and I selfishly took time to well cry
my eyes out. The last two years have been so amazing for me and you all have
touched my life and the lives of my staff. I will keep you posted with
any information that the lawyer lets me know.
Don't forget to talk to your insurance about getting free memberships or
membership reimbursements. If you use Global Fit do the math and make sure
you will not be paying more through Global Fit than if you paid the new
gym. Zumba girls - follow Megan McNicholas on Facebook and she will let
you know where she is working out next. Several other instructors teach up at
the New Holland Y other instructors are up toward the Pottstown area. I
will get their schedules and let you know.
I apologize again -- I wanted to close the proper way but time didn't allow. I
hope you will be able to forgive me.