Legal Question in Bankruptcy in Wisconsin
My franchise agreement states the franchisor "may" terminate agreement if I default because of bankruptcy. Can a court under a Chapter 13 void the agreement if it can be determined the franchise arrangement is financially a burden to me? How about a non-compete clause in the agreement?
Asked on 12/17/10, 2:14 pm
1 Answer from Attorneys
L. Jed Berliner
Berliner Law Firm
Yes to the first, so long as your local procedure is filed. Courts differ on the second question.
Answered on 12/22/10, 5:15 pm
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