Who is the Managing Member of Bombs Away who filed for bankruptcy?
Bombs_Away Franchise · 2024 FDDAnswer from 2024 FDD Document
Our Managing Member, Mr. Ryan O'Quinn filed Chapter 7 personal bankruptcy; Northern District CA; Ryan O'Quinn – Case No: 1850878.
Filed 4/20/18; discharged 7/17/18; closed 7/18/18
Source: Item 4 — Bankruptcy (FDD pages 8–9)
What This Means (2024 FDD)
According to Bombs Away's 2024 Franchise Disclosure Document, the Managing Member who filed for Chapter 7 personal bankruptcy is Mr. Ryan O'Quinn. The filing occurred in the Northern District of California, with the case number 1850878.
The bankruptcy was filed on April 20, 2018, and Mr. O'Quinn received a discharge on July 17, 2018. The case was officially closed the following day, on July 18, 2018.
Prospective franchisees should note that this bankruptcy relates to the Managing Member's personal finances and not to the Bombs Away Franchising, LLC business itself. However, it is essential for potential franchisees to consider this information as part of their overall due diligence when evaluating the franchise opportunity. Understanding the financial history of key individuals within the franchisor's management can provide insights into the company's leadership and stability.