Alexander Gym, of which I am a member, collapsed yesterday. Although I didn't have much to lose considering my contract was nearly finished, I'm sure a lot of people have been caught.
Personally, after the investors and employees have been paid, I doubt that members will get back any money.
I guess people didn't learn the lesson from the previous big closure of a high profile gym in Taipei 101. At that time, there was talk about limiting gym memberships to just 1 year at a time to prevent such disasters...
http://www.taipeitimes.com/News/biz/archives/2007/12/11/2003392128
California Fitness must be laughing its way to the bank. If they were smart, they'd try to lure the former Alexander members over with some incentives.
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