Bankrupt Chains, Franchise Fallout

Bankrupt Chains, Franchise Fallout

When big chains go bankrupt, their franchises can be left in the lurch or continue to profit. Of course, when corporate-owned locations close, those franchisees still operating independently have less power to negotiate discounts with suppliers. And the bad press that comes with a bankruptcy can be a blow even to franchisees with healthy businesses. Here's a look at 11 big brands that went bankrupt, and what happened next.