In which U.S. Bankruptcy Court was the bankruptcy case of Nathan Pearce, CEO of Pearce Bespoke, filed?
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 the 2025 Pearce Bespoke Franchise Disclosure Document, Nathan Pearce, the Chief Executive Officer of Pearce Bespoke, filed for bankruptcy under Chapter 7 of the U.S. Bankruptcy Code on May 3, 2017. The case was filed In re Pearce, Case No. 17-50881.
The specific U.S. Bankruptcy Court where the case was filed was the U.S. Bankruptcy Court for the Southern District of Mississippi. The bankruptcy court entered a discharge in October 2017.
This information is important for prospective franchisees as it provides transparency regarding the financial background of the company's CEO. While a past bankruptcy does not necessarily indicate current or future financial instability of Pearce Bespoke, it is a factor that potential franchisees may want to consider when evaluating the franchise opportunity. They may wish to inquire further about the circumstances surrounding the bankruptcy and what measures have been taken to ensure the financial stability of the company.