TRX Holdco and its Fitness Anywhere subsidiary filed for Chapter 11 protection in DE bankruptcy court, and are asking for an expedited free and clear asset sale that will allow the company to continue operating. In a declaration accompanying the filing, chairman Brent Leffel said that the companies are running out of cash and could not find an investor or buyer. But several prospective suitors would be interested in the TRX assets, and he wants the court to quickly approve bidding procedures, set an auction ... Log in to view full article.