When did Mr. Ryan O'Quinn, Managing Member of Bombs Away, file for Chapter 7 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 the 2024 Bombs Away Franchise Disclosure Document, Mr. Ryan O'Quinn, the Managing Member of Bombs Away, filed for Chapter 7 personal bankruptcy on April 20, 2018. The filing occurred in the Northern District of California, and the case number is 1850878.
The document also notes that Mr. O'Quinn's bankruptcy was discharged on July 17, 2018, and the case was closed on July 18, 2018. This information is disclosed in Item 4 of the FDD, which specifically addresses bankruptcy filings by the franchisor, its affiliates, and its officers.
For a prospective Bombs Away franchisee, this disclosure is important as it provides insight into the financial history of the company's leadership. While a past bankruptcy does not automatically disqualify an individual from managing a franchise company, it is something a potential franchisee may want to consider and discuss with the franchisor. It is advisable to inquire about the circumstances surrounding the bankruptcy and what measures have been taken to ensure the financial stability of Bombs Away Franchising, LLC.