On what date did Timothy Weiderhoft file for bankruptcy, which may be relevant to Bft franchisees?
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 Weiderhoft, who is Xponential's Chief Operating Officer of North America, filed for a personal Chapter 7 bankruptcy on August 9, 2023. The bankruptcy filing occurred after an unrelated restaurant venture failed due to the COVID-19 pandemic.
The bankruptcy court granted a discharge on December 20, 2023, resolving the matter. The FDD notes that Mr. Weiderhoft's principal business address is the same as Bft's principal business address.
This information is disclosed in the FDD because the bankruptcy of a key executive could be considered relevant to prospective franchisees. While the bankruptcy was personal and stemmed from an unrelated business venture, it is important for potential franchisees to be aware of the financial circumstances of individuals in leadership positions within the Bft organization.