The 90-Day Franchise Bankruptcy Solution

July 30, 2020Webinars/Podcasts

The CARES Act has expanded access to Bankruptcy Code amendments that provide a streamlined version of business bankruptcy proceedings, allowing small franchisors and franchisees to undergo a Chapter 11-style business reorganization within 120 days of filing and avoid some of the administrative headaches and expenses of a traditional Chapter 11.

Franchisors will want to tune into this nine-minute podcast as franchisee bankruptcies loom. Franchise lawyers John Gotaskie and Craig Tractenberg outline particular Bankruptcy Code changes, filing requirements and strategic first steps for both franchisees and franchisors who are anticipating bankruptcies.