Is Rebecca R. Jackson's bankruptcy filing related 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 Brain Balance's 2025 Franchise Disclosure Document, Rebecca R. Jackson, the Chief Program Officer of the franchisor, filed for Chapter 7 bankruptcy protection on August 21, 2020. The filing was a voluntary petition by Jackson and her spouse. The U.S. Bankruptcy Court Eastern District of North Carolina, Raleigh Division, handled the case under Bankruptcy Petition Case No. 30-0289805-DMW. The court issued a discharge of debtors on February 23, 2021. Her business address is listed as 1320 North Route 59, Unit 110, Naperville, IL 60563.
While the FDD discloses the bankruptcy filing, it does not explicitly state whether the bankruptcy was related to the Brain Balance franchise or was a personal matter for Ms. Jackson and her spouse. The disclosure is included as part of Item 4, which covers bankruptcy filings of certain individuals associated with the franchisor.
Prospective franchisees should consider this information as part of their due diligence. It may be prudent to inquire with Brain Balance about the circumstances surrounding the bankruptcy filing to fully understand any potential implications. While the FDD fulfills its legal obligation to disclose the bankruptcy, further context may be valuable for making an informed investment decision.