Insolvency generally does not happen overnight. We provide advice to our clients with respect to working through challenging financial circumstances with the goal of preventing the assets of the franchise from becoming part of the debtor’s bankruptcy estate. In cases where bankruptcy has already been filed, we assist franchisors in garnering post-petition contractual compliance and protect the franchisor’s interests. In a challenging economy it is not unusual for certain franchisees, for a variety of reasons, to become insolvent. Generally, insolvency does not happen overnight; rather, a situation deteriorates over time. We provide advice to our clients with respect to working through challenging financial circumstances, with the goal of preventing the assets of the franchise from becoming part of the debtor’s bankruptcy estate. In cases where bankruptcy has already been filed, we assist franchisors in garnering almost immediate post-petition contractual compliance, and obtain orders from the bankruptcy court to protect the franchisor’s interests. In other contexts, we have represented franchisors and area developers in acquiring assets through bankruptcy, free and clear of all liens, claims and encumbrances.