New Jersey

Bank asks court to freeze 24/7's bank accounts

Bank asks court to freeze 24/7's bank accounts

A New Jersey bank is taking legal action more than a month after a local fitness chain abruptly closed.

In April, Lehigh Valley 24-7 Racquet and Fitness Clubs closed its three locations without any warning.

Dozens of customers who paid their membership fees in advance have since filed complaints with the state.

Now a petition has been filed by the Bank of Camden which claims the health club defaulted on three loans totaling more than $8.5 million.

The bank is asking a Lehigh County court to intervene and freeze the clubs' accounts at Wells Fargo in Allentown until a court can determine how that money should be disbursed.

Attorney General Kathleen Kane is also asking the court to freeze the accounts.


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