Unredeemed packages

Definition

Treatments already paid for and not yet delivered, which the law often does not secure.

Why It Matters

Prepaid treatment plans are the trade's cash engine and usually its largest unsecured liability. The consumer statute that would normally reach them defines a health studio broadly enough to include anything sold to improve appearance, then carves out services delivered under a professional license, which is exactly what a med spa sells. So the money sits unsecured: no trust, no bond, no registration, no successor rule. The same chapter shows what protection would look like if it applied, since a covered studio must hold pre-opening money in trust or post a bond of a hundred and fifty thousand dollars, and the buyer's claim on that money outranks a trustee in bankruptcy. Count the unredeemed hours and price them as a delivery obligation, because nobody else is holding that money for you.