What is the case number for the Angry Chickz CEO's bankruptcy filing?
Angry_Chickz Franchise · 2025 FDDAnswer from 2025 FDD Document
David Mkhitaryan, our Chief Executive Officer and founder, filed for Chapter 7 Bankruptcy in the US Bankruptcy Court Central District of California (San Fernando Valley) Case Number: 1:19-bk-12181 vk on August 29, 2019. The case was discharge on December 9, 2019.
Source: Item 4 — BANKRUPTCY (FDD page 10)
What This Means (2025 FDD)
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 (San Fernando Valley). The case number is 1:19-bk-12181 vk, and the filing occurred on August 29, 2019. The bankruptcy case was discharged on December 9, 2019.
This disclosure is important for prospective franchisees as it provides transparency about the financial background of the company's leadership. While the bankruptcy was discharged, it may still be prudent for potential franchisees to inquire about the circumstances surrounding the filing and how the company has ensured financial stability since then. Understanding the financial history of key personnel can help franchisees assess the overall risk associated with investing in the Angry Chickz franchise.
Franchisors are legally obligated to disclose material information that could impact a franchisee's investment decision, and bankruptcy filings of key executives generally fall under this category. The fact that Angry Chickz disclosed this information suggests a commitment to transparency. However, prospective franchisees should still conduct their own due diligence, including consulting with financial advisors and legal counsel, to fully evaluate the implications of this disclosure.