BizSugar.com › Franchises › What If Your Franchisor Goes Under?

This interview with franchise attorney Rush Nigut explains some steps to take in the event the franchisor who sold you a franchise, goes under. What should you do in those circumstances? The first thing is, do NOT take a "wait and see" approach. It’s crucial for franchisees to be proactive, and they need to try to be aggressive in enforcing their rights. It may even be beneficial for franchisees to band together. Waiting to see if the franchisor will make it is probably not good business, in most cases. The FranchiseKing, Joel Libava, conducts this interview.