In which state did Rebecca R. Jackson file for bankruptcy protection, as it pertains 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.
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 state of North Carolina. The filing occurred on August 21, 2020, in the U.S. Bankruptcy Court Eastern District of North Carolina, Raleigh Division, with Bankruptcy Petition Case No. 30-0289805-DMW.
This information is relevant to potential Brain Balance franchisees as it provides transparency regarding the financial background of one of the company's key executives. While the bankruptcy was a personal matter, the FDD is required to disclose such information to allow franchisees to assess the leadership and stability of the franchise system.
The court discharged the debtors on February 23, 2021, indicating the completion of the bankruptcy proceedings. The disclosure of this bankruptcy filing is a standard practice in franchising, ensuring that prospective franchisees have access to information that could be considered material to their investment decision.