Has Bombs Away, or any of its managing members, filed for bankruptcy other than the one disclosed?

According to Bombs Away's 2024 Franchise Disclosure Document, the only bankruptcy filing that requires disclosure is that of Managing Member, Mr. Ryan O'Quinn. His Chapter 7 personal bankruptcy case in the Northern District of California (Case No: 1850878) was filed on April 20, 2018, discharged on July 17, 2018, and closed on July 18, 2018.

The FDD explicitly states that no other bankruptcy information is required to be disclosed in Item 4. This suggests that Bombs Away Franchising, as an entity, has not filed for bankruptcy, nor have any other managing members, to the extent that such information would require disclosure under the relevant regulations.

As a prospective franchisee, it is important to understand the specific legal requirements for disclosing bankruptcy information in a franchise disclosure document. While the FDD indicates that no other disclosures are legally required, a franchisee may still want to independently verify this information through public records searches or by directly asking the franchisor for additional assurances during their due diligence process.