McDonald Hopkins announces formation of the Northeast Ohio Chapter of the Franchise Business Network

January 23, 2019

News

McDonald Hopkins, along with Proforma, Althans Insurance Agency and the International Franchise Association, is proud to announce the formation of the Northeast Ohio Chapter of the Franchise Business Network.

The Franchise Business Network is designed to provide those in the franchise community the opportunity to network, meet potential customers, make new business contacts, and take advantage of educational programs and legislative information. Meetings are quarterly and centered around discussions on important topics and issues impacting the franchise industry.

The first meeting of the Northeast Ohio Chapter of the Franchise Business Network is tentatively set for April 2019. Please stay tuned for more information. If you have questions, please feel free to contact one of the members of the Northeast Ohio Chapter of the Franchise Business Network listed below.

Maria Carr
Associate, McDonald Hopkins
mcarr@mcdonaldhopkins.com
216.348.5785

Scott Opincar
Member, Co-Chair McDonald Hopkins
sopincar@mcdonaldhopkins.com
216.348.5753

Samantha Neugebauer, CLCS, CFE
Insurance Agent Franchise Division, Althans Insurance Agency
sneugebauer@althans.com
440.893.3119

Stacie A. Waller, CIC, CFE
President Franchise and National Accounts, Althans Insurance Agency, Inc.
sawaller@althans.com
440.893.3141

John Campbell
Senior Business Advisor, Proforma
jcampbell@proforma.com
216.403.5891

Douglas Kordel
President, Proforma
dkordel@proforma.com
216.520.8400

This decision only adds to to the growing circuit split on the application of the “hypothetical test” or the “actual test” in bankruptcy, and may lead a higher court to consider the issue. For franchisees in the Sixth Circuit who desire to reorganize in bankruptcy, however, this decision provides clarity about which test parties may use to determine if a contract could be assumed.

This ruling reveals the limits to the rejection power of the Bankruptcy Code. While a bankrupt franchisee can use bankruptcy to unburden itself of future monetary liabilities due to a franchisor, such franchisee cannot completely rid itself of those bargained-for equitable remedies that are there to protect the integrity of the brand and the confidential, proprietary information that the franchise arrangement is designed to protect.

McDonald Hopkins announces formation of the Northeast Ohio Chapter of the Franchise Business Network

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