As franchisee bankruptcies continue to increase, Nathan Baney shares practical guidance in a recent Westlaw Today commentary on how franchisors can prepare before financial distress leads to bankruptcy.
Nathan discusses why early planning is critical, offering practical strategies for documenting defaults, protecting contractual rights, reviewing security interests, and preserving brand assets. He also explores key bankruptcy considerations that can strengthen a franchisor’s position if a franchisee files for Chapter 11. Read More Here