Tag Archives: Bankruptcy

Franchise Bankruptcy – What if the Franchisor Declares Bankruptcy

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One of the first questions that many franchisees will have when the franchisor goes into bankruptcy is “Can I keep running my business?” The answer to this is a resounding yes. When a franchisor declares bankruptcy they lose all the rights they have to their name and brand. This means they have no legal grounds on which to try and prevent you from using the name in your business. However, you need to make sure that you want to use the brand name for your business. People may associate your franchise with the bankruptcy and stop from visiting your business.

If you have specific questions about what happens when a franchisor declares bankruptcy, contact a Hawaii bankruptcy attorney at 1330 Ala Moana Boulevard #202, Honolulu, HI 96814 (808) 554-0104. They can give you details on what will happen with your particular franchise in the event of bankruptcy.

In a typical Hawaii bankruptcy you should immediately cease sending royalty payments to the franchisor. Once the bankruptcy was declared, the franchise agreement immediately became null and void. After the agreement is voided, there’s no reason to keep sending your hard earned money to a failed company! You may end up needing every penny to try and avoid the negative press that may come with being part of a bankrupt franchise.

You may also want to contact some owners of other franchises in the area to see how they have been affected by the bankruptcy. By partnering together (even if it is an unofficial partnership) you can help each other to weather the storm and make sure that your individual businesses are not harmed by the bankruptcy of the parent franchise. Try to avoid the negative publicity that comes with the bankruptcy of the franchisor. You need to do everything possible to make sure you are not dragged down by the parent company’s problems.

Eliminate Negative Thinking

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Self-improvement is an admirable goal to have. Many people around the world have a desire to improve themselves. For some this is a matter of business goals. These are individuals who want to promote out of current positions or to climb the corporate ladder. There are other people who want to improve themselves physically.

Becoming fit or losing weight can be a part of self-improvement. Many who improve their appearance see benefits in other portions of their lives. Negative thinking has been seen as one of the culprits to self-improvement. It is important to eliminate this thinking in order to achieve your goals. Let’s look at some of the benefits associated with the elimination of negative thinking; check out Eternicom company for more information about positive thinking.

Allows you to see more clearly

Negative thinking has an affect on many segments of a person’s life. This type of thinking can shadow how you view things. It is important to eliminate negative thinking. Once you do this you will be able to see things more clearly. This will prove very effective when it comes to improving yourself and setting goals. Shadowed thinking inhibits you from making the changes that you want to make in your life.

Can look realistically at life

Negative thinking does not provide people with a realistic view of life. These are often individuals who see negativity where it does not exist. This thinking serves to limit people from achieving their goals. A realistic view is the best way to set goals that are achievable. Eliminating negative thinking is the first step in this process.

Able to make incremental improvements

For some people, negative thinking has become habitual. Counseling and therapy are ways to deal with this thought process. Facing your problem with negative thinking is a good way to overcome it. It is possible to make incremental improvements over time. Patience is definitely one of the key factors related to self-improvement; we advise you to use every avenue you are able to eliminate negative thinking. Eternicome is an example of one of those avenues to help in self-improvement matters.