Does the Bft FDD disclose any other bankruptcies besides the one involving Timothy Weiderhoft?
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.
No other bankruptcy is required to be disclosed in this Item.
Source: Item 4 — BANKRUPTCY (FDD page 18)
What This Means (2025 FDD)
According to Bft's 2025 Franchise Disclosure Document, Item 4 addresses bankruptcy disclosures. Besides the bankruptcy case involving Timothy Paul Weiderhoft and Dena Rose Weiderhoft, the document explicitly states that no other bankruptcy is required to be disclosed in Item 4.
This statement confirms that Bft is not legally obligated to disclose any other bankruptcy filings related to the company, its executives, or affiliates within this specific section of the FDD. However, it is important to note that this does not preclude the existence of other bankruptcies that may be disclosed elsewhere in the document or that Bft may be required to disclose under different regulations or circumstances.
Prospective franchisees should be aware that the absence of further bankruptcy disclosures in Item 4 does not guarantee the complete financial stability of Bft or its related entities. It simply means that, according to the legal requirements for this section, no other bankruptcies meet the criteria for disclosure. It is advisable for potential franchisees to conduct their own due diligence and seek professional financial advice to assess the overall risk associated with investing in a Bft franchise.