Bally Total Fitness announced on September 1, 2009 that it has emerged from Chapter 11 bankruptcy. In a press release issued by Bally on the matter, Kramer Levin was noted as having served as bankruptcy counsel to Bally.

The Kramer Levin team was composed of Corporate Restructuring and Bankruptcy partners Kenneth H. Eckstein, P. Bradley O'Neill, Philip S. Kaufman and associates Joshua Brody, Joseph A. Shifer, Jordan Kaye, Jennifer Sharret, David Blabey, Jr. and Litigation associate Samantha V. Ettari; Corporate partners Shari A. Krouner, Abbe L. Dienstag, James A. Grayer, Kenneth Chin, Mae R. Rogers, and Michael Brooks; Tax partner Barry Herzog; Real Estate associate Daniel Berman; and Employee Benefits and Executive Compensation partner Paul M. Ritter.