In the first quarter of 2009, a franchisee struggling financially for more than a year because of lower sales and high fixed costs hired a restructuring firm to examine two restaurants that had become a drain on the company's cash flow. Both locations had seen a drop in sales of $150,000 per year and the franchisee was contemplating bankruptcy. But instead of closing the restaurants or pursuing bankruptcy, the restructuring firm renegotiated the leases on both restaurant sites, saving ...

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