Considerations in terminating an insolvent franchisee

During the current economic downturn, a number of financially distressed franchisees either have filed or may file for bankruptcy protection to restructure their financial obligations. As a result, franchisors should familiarize themselves with some bankruptcy basics before they are confronted with the situation.

What Happens If One of Our Franchisees Declares Bankruptcy?

Filed under:
USA, Franchising, Insolvency & Restructuring, Litigation, Wiley Rein LLP, Bankruptcy, Conflict of laws, Debtor, Breach of contract, Franchise agreement, Default (finance)
Authors:
Robert A. Smith , P. Nicholas Peterson
Location:
USA
Firm:
Wiley Rein LLP