What to do when if you are a franchisee and the franchisor goes bankrupt

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Interesting story in the New York Time Small Business section the other day. It dealt with a nightmare scenario of anyone who purchases a franchise: the franchisor goes bankrupt. The article talks about the story of William Burris, who was faced with that situation only five months after he spent more than $100,000 a purchased a Australian franchise that rented moving boxes.

The story provides inspiration and idea for how to face a situation that may seem dire, but with hard work and ingenuity, can end up having a good ending.


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