Franchising Restructuring and Insolvency

Represented the principals of a franchisor that filed a Chapter 11 bankruptcy case in New Jersey. A favorable settlement was achieved.

Represented a franchisor in four jointly administered Chapter 11 bankruptcy cases in Maryland involving 18 franchised units.

Represented a franchisor in a Chapter 11 bankruptcy case in Georgia involving multiple franchised locations in Georgia and North Carolina. The case was dismissed with the franchisor receiving more than US$1 million. 

Represented a fitness franchisor in a landlord/tenant dispute regarding a franchisor-operated unit in Manhattan. Resulted in the assignment of the lease to the franchisee.

Represented a franchisor in a transaction involving the sale of franchisor-operated studios in the United States in exchange for franchisee-operated studios in the United Kingdom.

Represented franchisors in loan, lease, and franchise agreement restructurings (100+ units).

Represented a secured creditor in a bankruptcy case involving a multi-unit franchisee (50 units in the Southeast and Mid-Atlantic).

Represented a hotel franchisor in the Chapter 11 bankruptcy case of a franchisee in Arizona. Resulted in the sale of the hotel, termination of the franchise agreement, and payment of outstanding fees and obligations.

Represented a franchisor in a US$1.4-plus million loan and franchise agreement with a California franchisor.

Represented one of the largest hotel franchising companies in the world in the Florida Chapter 11 bankruptcy case of a franchisee. Resulted in the sale of property, the termination of the franchise agreement, and the collection of rejection damages via litigation of claim objection.

Represented a hotel franchisor in the West Virginia Chapter 11 bankruptcy case of a multi-unit franchisee.

Represented a franchisor in the California Chapter 11 bankruptcy case of a franchisee. Resulted in the sale and retention of the system unit, including payment of outstanding fees and obligations.

Represented a hotel franchisor in the jointly administered bankruptcy cases of four franchisees in Georgia. A joint plan of reorganization was confirmed with the franchisor support, defaults cured, and franchise agreements assumed.

Represented a hotel franchisor regarding the restructuring of franchise and loan agreements with multi-unit franchisees in Pennsylvania, West Virginia, and Ohio.

Represented a franchisor in a transaction involving the restructuring of franchise and loan agreements pertaining to a California franchisee.

Represented a franchisor in Texas litigation regarding the breach of a franchise agreement concerning a New York franchisee. The litigation was resolved via a settlement agreement wherein the client received US$1.59 million.

Represented a franchisor in New Jersey litigation regarding breach of a management and loan agreement. The litigation was resolved via a settlement agreement wherein the client received US$6.2 million.