When was the discharge granted in Timothy Weiderhoft's bankruptcy case, as it pertains 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 Weiderhoft, who is the Chief Operating Officer of North America for Xponential, and his wife filed for a personal Chapter 7 bankruptcy on August 9, 2023. This was due to a failed restaurant venture that was unrelated to Bft and impacted by the COVID-19 pandemic.
The bankruptcy court granted a discharge in the Weiderhoft's case on December 20, 2023. The FDD notes that Mr. Weiderhoft's principal business address is the same as Bft's principal business address.
This disclosure is important for prospective franchisees as it provides transparency about the financial background of one of Bft's key executives. While the bankruptcy was personal and stemmed from an unrelated business, it is a material fact that Bft discloses in its FDD.