Is the bankruptcy of David Mkhitaryan, the CEO of Angry Chickz, considered a personal bankruptcy?

According to the 2025 Angry Chickz Franchise Disclosure Document, David Mkhitaryan, the Chief Executive Officer and founder, filed for Chapter 7 Bankruptcy in the US Bankruptcy Court Central District of California on August 29, 2019. The case was discharged on December 9, 2019. The document specifies that there is no other bankruptcy that is required to be disclosed in Item 4 other than this action.

Since the FDD mentions David Mkhitaryan's Chapter 7 bankruptcy filing, it is considered a personal bankruptcy. Chapter 7 bankruptcy typically involves the liquidation of a debtor's non-exempt assets to repay creditors. The discharge of the bankruptcy case indicates that Mkhitaryan was relieved of the debts covered by the bankruptcy filing as of December 9, 2019.

For a prospective Angry Chickz franchisee, this information is relevant because it provides insight into the financial history of the company's CEO. While a past bankruptcy does not necessarily indicate current or future financial instability, franchisees may want to further investigate the circumstances surrounding the bankruptcy and consider how Mkhitaryan's experience might influence his leadership and decision-making within the company. It is important to note that the FDD only discloses bankruptcies that are required to be disclosed under the relevant regulations.