California Fitness, Hong Kong 4

For the record, FuelMix is not, and never was, a member of California Fitness gyms.

1.   Here is a list of the ways in which customers of California Fitness (including Leap and MYoga) may have paid for their memberships.

2.   If your membership was paid:

• in full in cash - bye bye **
• in full by cheque - bye bye** (unless you were smart enough to stop payment on the cheque when the story first broke;
• in full by Debit Card - bye bye**;
• by monthly installments via direct debit from your account - you should by now have cancelled the direct debit instruction with your bank and theoretically may have reduced your losses;
• by Credit Card - there are 2 scenarios here:

(1)  monthly installments debited to your Credit Card - you should by now have contacted the Credit Card company to cancel this immediately as a partial reduction of loss;  OR
(2) the Credit Card company MAY have paid JV Fitness the FULL amount of your membership fee IN ADVANCE and for which, they are debiting you in monthly installments. In this case, you will still be liable to the Credit Card company for the full amount;

3.  ** bye bye :  What we mean is that at the moment, it would appear that the money has gone.  However, the circumstances of the chain's collapse raise several questions, some of which we posed in Part 3.

4.  We would not be surprised if there was a criminal investigation against the company and against its past Directors (notwithstanding they sold their shares and resigned) for fraud, deceptive trade practices and carrying on business knowing that the company was unable to pay its debts.

5.  We would also not be surprised if allegations emerged of asset stripping the company.  In the event that funds were traced, there might be partial recovery for the customers.