Office Products News

Cartridge World North America in trouble

US company placed in receivership.
 
Cartridge World North America is now under court-ordered receivership after failing to comply with a US$4.3 million judgment stemming from a 2021 class-action lawsuit.
 
Tonernews.com reports that the legal order highlights several issues of non-compliance by Cartridge World North America, including a failure to respond to citations regarding asset discovery and financial liabilities tied to its franchise operations. 
 
Key aspects of the receivership involve taking control of Cartridge World North America’s accounts, property, and business records. counsel, to support the recovery process.
 
Attention will likely focus on Cartridge World North America’s financial transactions since 2016, including royalty payments owed by franchisees and property dealings. 
 
The situation raises concerns about how this will impact the many franchises across North America and what the future holds for Cartridge World. 
 
In Australia, Cartridge World is a locally-owned business that is part of the Franchise Council of Australia.
 
Date Published: 
10 December 2024