Is the bankruptcy case of Nathan Pearce, CEO of Pearce Bespoke, still active?
Pearce_Bespoke Franchise · 2025 FDDAnswer from 2025 FDD Document
In re Pearce, Case No. 17-50881 (U.S. Bankruptcy Court for the Southern District of Mississippi, October 2, 2017). Our Chief Executive Officer, Nathan Pearce, personally filed a bankruptcy petition under Chapter 7 of the U.S. Bankruptcy Code on May 3, 2017. The bankruptcy court entered a discharge in October 2017.
Source: Item 4 — BANKRUPTCY (FDD page 9)
What This Means (2025 FDD)
According to Pearce Bespoke's 2025 Franchise Disclosure Document, Nathan Pearce, the Chief Executive Officer, filed for Chapter 7 bankruptcy on May 3, 2017. The bankruptcy case, filed in the U.S. Bankruptcy Court for the Southern District of Mississippi under Case No. 17-50881, reached a resolution with the court issuing a discharge in October 2017.
This indicates that the bankruptcy case is no longer active, as a discharge has already been entered by the court. For a prospective franchisee, this information is important as it provides transparency regarding the financial history of the company's CEO.
While a past bankruptcy doesn't automatically disqualify an individual from leading a company, potential franchisees might want to further investigate the circumstances and ensure that appropriate financial controls and oversight are in place to mitigate any future risks. This disclosure allows franchisees to make a more informed decision about investing in a Pearce Bespoke franchise.