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.
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).
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.
Franchise Services of North America (FSNA), franchisors of the U-Save brand, has reported its Q1 revenue at $2,580,345.
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.
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.
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.
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.
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.
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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