As set forth in this article reporting about the deal cut between the lenders, the Bankruptcy Judge wants to make sure that the assets are properly marketed. NY Sports Club Owner's Ch. 11 Strategy Draws Court Concern By Vince Sullivan Law360 (September 16, 2020, 4:48 PM EDT) -- The parent company of New York Sports Club told a Delaware bankruptcy judge Wednesday that it had reached a deal with warring creditors that would allow for a Chapter 11 sale process to commence, but the court voiced concerns over the proposed timeline in the case. During a hearing conducted virtually, Town Sports International attorney Nicole L. Greenblatt of Kirkland & Ellis LLP said the case began with discord among groups of senior lenders but that a deal had been reached where they will allow a third party to serve as a stalking horse bidder for the debtor's assets and provide post-petition financing. U.S. Bankruptcy Judge Christopher S. Sontchi said he was happy the parties had reached ag
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