What is the case number for Timothy Paul Weiderhoft's bankruptcy filing, as it relates to Bft?
Bft Franchise · 2025 FDDAnswer from 2025 FDD Document
In Re Timothy Paul Weiderhoft and Dena Rose Weiderhoft (Case No. 2:23-bk-05397-BKM; Bankruptcy Court, District of Arizona). On August 9, 2023, Xponential's Chief Operating Officer of North America, Timothy Weiderhoft, and his wife filed a personal Chapter 7 bankruptcy petition after an unrelated restaurant venture failed in light of the COVID-19 pandemic. A discharge was granted by the bankruptcy court on December 20, 2023. Mr. Weiderhoft's principal business address is our principal business address.
Source: Item 4 — BANKRUPTCY (FDD page 18)
What This Means (2025 FDD)
According to Bft's 2025 Franchise Disclosure Document, Timothy Paul Weiderhoft, who is Xponential's Chief Operating Officer of North America, and his wife filed for a personal Chapter 7 bankruptcy. The bankruptcy case number is 2:23-bk-05397-BKM, and the case was heard in the Bankruptcy Court, District of Arizona. The filing occurred on August 9, 2023, and a discharge was granted on December 20, 2023. Mr. Weiderhoft's principal business address is the same as Bft's principal business address.
This information is relevant to potential Bft franchisees because it discloses the bankruptcy filing of a key executive within Bft's parent company, Xponential Fitness. While the bankruptcy was personal and stemmed from an unrelated restaurant venture, it is important for franchisees to be aware of the financial background of the individuals in leadership positions.
The disclosure of this bankruptcy allows prospective franchisees to assess whether this information impacts their confidence in the franchise system. It is common for FDDs to disclose bankruptcies of key personnel to ensure transparency and allow potential franchisees to make informed decisions. Franchisees may want to inquire further about the circumstances of the bankruptcy and any potential impact on Bft's operations or financial stability.