Two Franchise 500 franchisors face bankruptcy.
In early February, ByeByeNow.com Travel Inc. president Peter Kowal informed franchisees in the system that the travel agency had filed for Chapter 11 protection. The company's main plan now is to find a buyer for its franchise arm.
"We're operational here as the franchisor," says Kowal. "We continue to offer services. We plan on continuing those services by having more horsepower, having more resources available to us and ultimately growing [the franchise] again."
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