June 27 (Reuters) - Franchise Services Of North America Inc FSN.V :
* Franchise Services Of North America Inc announces chapter 11 bankruptcy filing
* Franchise Services Of North America - anticipates subsidiaries will continue to operate businesses in normal course during pendency of chapter 11 case
* No layoffs are anticipated at co or any of its subsidiaries in connection with the bankruptcy
* Franchise Services Of North America - litigation expenses relate to acquisition of Simply Wheelz Llc, D/B/A Advantage Rent A Car, was led by Macquarie, affiliates
* Franchise Services Of North America Inc - company also remains impaired by potential claims that arise from advantage acquisition
* Franchise Services Of North America - decision to seek bankruptcy protection necessitated by liquidity issues in litigation against ex-financial advisor Source text for Eikon: ID:nCNWYq0dKa Further company coverage: FSN.V