Franchise Owners Face Parent Company Bankruptcy

Franchisees left companyless
People say recession sparks innovation, creativity, responsibility, and all other sorts of optimistic-sounding things. It also causes failure, collapse, bankruptcy and all other sorts of apocalyptic-sounding things.
It also causes complications, such as leaving franchise owners to figure out how to deal when their parent company goes bankrupt. Sometimes [...]

Old Country Buffet filed for Chapter 11 in January 2008, but emerged with reduced debt in April 2009.