bankruptcy

Even the IFA has asked its membership to stop saying that franchises have a better success rate than independent start ups.

A recent federal court decision reinforces judicial deference to forum and venue clauses in business contracts.

NEW YORK (Blue MauMau) - NexCen Brands, franchisor to such diverse concepts as The Great American Cookie, The Athlete's Foot, Maggie Moo's Ice Cream and other retail chains, has come to an arrangement with its lender, BTMU Capital Corp, on what many had expected to result in a possible filing of bankruptcy next week. 

With some 76 franchised pizzarias and 118 company-owned units, Pizzaria Uno Chicago Bar and Grill announced yesterday that it is likely to miss a bond payment on Friday. It would then need to avoid bankruptcy.

The list below is of Australia's franchisors that have become insolvent. The data is gathered from Prof. Buchan's dissertation. The study finds a number of problems for franchisees.

Below is a list of franchisors that have stated that they are having to consider filing for bankruptcy but are still trying to avoid it.

What happens to franchise owners when their franchisor suddenly goes belly-up? BusinessWeek explains. Its reporter also gives praise to Blue MauMau.

NEWS FLASH: Just saw this flash across CNBC at the office:

SALT LAKE CITY, Utah (Blue MauMau) - Mrs. Fields Famous Brands LLC warns that it will file Chapter 11 within the next two months if it cannot persuade note holders to cut $145 million in debt by the end of June.