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The court ruled that the bankruptcy was “filed without proper corporate authority," and that a subsidiary of Macquarie Capital, FSNA's largest shareholder, had not consented to the bankruptcy.
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After filing for bankruptcy last month, Franchise Services of North America Inc. is working with Equity Partners to find a buyer for its wholly-owned subsidiary U-Save Holdings (U-Save Car and Truck Rental and U-Save Car Sales brands).
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Franchise Services of North America Inc. (FSNA), franchisers of the U-Save brand, has filed for Chapter 11 bankruptcy protection to preserve the value of its assets for the benefit of creditors and shareholders.
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Franchise Services of North America (FSNA), franchisors of the U-Save brand, has reported its Q1 revenue at $2,580,345.
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Franchise Services of North America Inc. (FSNA), franchisors of the U-Save Car & Truck Rental brand, has announced that U-Save has opened two offices in the U.S. (Fulton, Mo., and Ogdensburg, N.Y) and two locations in Budapest, Hungary.
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Franchise Services of North America (FSNA), franchisors of the U-Save brand, has announced its financial results for the quarter ended Dec. 31, 2016. Revenue and loss from continuing operations were $2,570,439 and $122,918, respectively.
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Franchise Services of North America (FSNA), franchisors of the U-Save brand, ended its 2016 fiscal year with revenue of $9,627,460 and loss of $188,039.
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Franchise Services of North America has announced the opening of two new U-Save Car and Truck Rental locations in the cities of Hattiesburg and Fulton.
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Franchise Services of North America Inc. (FSNA), franchisors of the U-Save brand, has announced its financial results for the quarter ended June 30, 2016.
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U-Save Car & Truck Rental has opened two new locations in South Florida at Miami International Airport and in the city of Doral.
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