In what court did Rebecca R. Jackson file for bankruptcy, relevant to the Brain Balance franchise?
Brain_Balance Franchise · 2025 FDDAnswer from 2025 FDD Document
U.S. Bankruptcy Court Eastern District of North Carolina, Raleigh Division, Bankruptcy Petition Case No. 30-0289805-DMW. On August 21, 2020, Rebecca R. Jackson and her spouse filed a voluntary petition as debtors for Chapter 7 bankruptcy protection in the state of North Carolina. Rebecca Jackson is the Chief Program Officer of the franchisor. Her business address is 1320 North Route 59, Unit 110, Naperville, IL 60563. The court issued a discharge of debtors on February 23, 2021.
Except as stated, no bankruptcy information is required to be disclosed in this item.
Source: Item 4 — BANKRUPTCY (FDD page 12)
What This Means (2025 FDD)
According to the 2025 Brain Balance Franchise Disclosure Document, Rebecca R. Jackson, the Chief Program Officer of the franchisor, filed for Chapter 7 bankruptcy protection in the U.S. Bankruptcy Court Eastern District of North Carolina, Raleigh Division. The Bankruptcy Petition Case Number is 30-0289805-DMW. The filing was a voluntary petition made jointly with her spouse on August 21, 2020.
The court issued a discharge of debtors on February 23, 2021. The FDD specifies that this is the only bankruptcy information required to be disclosed in Item 4.
For a prospective franchisee, this disclosure is important as it provides transparency about the financial background of one of Brain Balance's key executives. While a past bankruptcy does not necessarily reflect on the current financial health or competence of the individual, it is information that franchisees may want to consider as part of their due diligence.