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Quiznos Bankrupt!

Franchisor Quiznos files for bankruptcy
Quiznos goes bankrupt but store signs still light up. Photo/bmm

DENVER –Quiznos, the franchise chain famous for its toasted sandwiches, announced just past noon today that it has filed for voluntary Chapter 11 bankruptcy protection.

Struggling Brands Include Sbarro, Quiznos, Radio Shack

Sbarro PWS4607 Seven brands that were once the “darlings of malls and shoppers” are now struggling financially and closing stores.

Insolvent Systems and Risks for Franchisees

Australia has been experiencing an explosion of failing small business operators including franchise systems. Here Jason Gehrke offers ten types of risks franchisees face when their franchisor becomes insolvent landing in administration.

Real Mex Exits Bankruptcy

CYPRESS, Calif. — Real Mex Restaurants announced on Wednesday that it was exiting Chapter 11 bankruptcy.

Titans Arm Prima Facie Insolvent

The Gold Coast Titans face their biggest challenge since entering the National Rugby League in 2007. Next month the team’s property arm will face a bankruptcy application after the Federal Court allowed one its creditors to replace the Australian Tax Office as a new plaintiff against the $35 million debt laden group of companies.

Dippin Dots in Bankruptcy

On November 1, the franchisor's Board of Directors voted to file bankruptcy.

Kingship, Oligarchy or Republic at Alphagraphics?

I am hearing strange stirrings at quick-print chain Alphagraphics. The U.K. holding company of Salt Lake City-based Alphagraphics is beyond bankruptcy.

DISH Proceeds after Winning Bid for Blockbuster

A Blockbuster video store in Central Kentucky shutters, one of many

A Blockbuster franchise is shuttered, one of many. photo:bmm

DALLAS – Last week Dish Network Corp. won the bid for Blockbuster in a bankruptcy auction for the video-rental chain, offering $320.6 million for the video company’s assets.

Spar Low Blow Exposes Hit for All Australians

Appearing as a witness in the Victorian Supreme Court can be embarrassing.  The former CEO of the Australian Spar franchisor probably had to reveal more information than he preferred. But that is just a preliminary issue to greater consequences going far beyond the regulation of franchising. Milk War!

Round Table Pizza Files Chapter 11

Round Table Pizza, the 500 unit, privately held pizza coop, filed  for Chapter 11 reorganization Wednesday. The company could not pay down a $30M balance on a initial $65M line of credit negotiated with GE Capital and Prudential in 2006 as required.