- Insolvency Insider Canada
- Posts
- Family Fitness Inc.
Family Fitness Inc.
Family Fitness Inc., which operates four fitness centres in Regina, Saskatchewan under the business name "Evolution Fitness Gym", was placed in receivership on October 13 on application by BTA Real Estate Group Inc. ("BTA"), owed approximately $1.0 million in rent arrears. In August 2017, the company defaulted on its rent obligations owing to BTA, and has continued to be in arrears since that date. BTA alleges that the company has engaged in a systematic pattern of non-payment and non-performance of its obligations. Alvarez & Marsal was appointed receiver. Counsel is W Law Group for the applicant and Torys for the receiver.