In which district did the Managing Member of Bombs Away file for Chapter 7 bankruptcy?

According to Bombs Away's 2024 Franchise Disclosure Document, the Managing Member, Mr. Ryan O'Quinn, filed for Chapter 7 personal bankruptcy in the Northern District of California. The case number is Ryan O'Quinn – Case No: 1850878. The filing occurred on April 20, 2018, and the bankruptcy was discharged on July 17, 2018, and closed on July 18, 2018.

This disclosure is important for prospective franchisees as it provides transparency regarding the financial history of the individuals leading Bombs Away. Bankruptcy filings can sometimes indicate past financial difficulties or mismanagement, although Chapter 7 typically involves liquidation of assets to discharge debts.

While the FDD provides the dates of filing, discharge, and closure, it is essential for potential franchisees to understand the circumstances surrounding the bankruptcy. It would be prudent to inquire about the reasons for the bankruptcy and what steps have been taken to ensure the financial stability of Bombs Away moving forward. This information can help in assessing the overall risk associated with investing in a Bombs Away franchise.

It's worth noting that the FDD explicitly states that outside of this specific instance, no other bankruptcy information is required to be disclosed in Item 4. This highlights the importance of carefully reviewing all available information and asking thorough questions during the due diligence process.