Soupman, made famous by a beloved Seinfeld episode, filed for bankruptcy this week.
The Chapter 11 filing comes less than a month after Soupman's chief financial officer was arrested and charged with tax evasion.
The bankruptcy was caused by a "combination of legal liabilities and recent company developments," Soupman CEO Jamie Karson said in a statement.
Soupman's soups are made from the recipes of Al Yeganeh, a chef who inspired the angry Seinfeld character known to bark: "No soup for you!" to customers who didn't know what to order when it was their turn at the counter.
But customers don't need to worry about going soup-less. Soupman said its soups will remain on grocery store shelves because the company secured $2 million in financing to keep it afloat during the bankruptcy process.
"We anticipate that there will be no disruption in the quality of our product or service," Karson said.
Related: Seinfeld's "Comedians in Cars Getting Coffee" is heading to Netflix
Staten Island-based Soupman owes up to 100 creditors between $10 million and $50 million, according to the bankruptcy filing in Delaware. The company listed $1 million to $10 million of assets.
Last month, Robert Bertrand, Soupman's chief financial officer, was arrested for allegedly failing to pay nearly $600,000 worth of Medicare, Social Security and federal income taxes.
Bertrand, who denied wrongdoing and pled not guilty, also paid workers unreported cash and stock awards worth $2.8 million between 2010 and 2014, according to the indictment.
While the Soup Nazi was made famous by the 1995 Seinfeld episode, Yeganeh opened his first Manhattan store nearly a decade earlier in 1984. Today, the company sells soup to grocery chains and also at its New York-area restaurants under the brand name "Original Soupman."
CNNMoney (New York) First published June 15, 2017: 11:56 AM ET
See the original post here:
Soup company that inspired Seinfeld's 'Soup Nazi' files for ... - CNNMoney
- A Slow Bankruptcy Process Stops Locale-Reviving Jobs - Wall Street Journal (subscription) [Last Updated On: May 3rd, 2017] [Originally Added On: May 3rd, 2017]
- Alitalia Files for Bankruptcy, but Italy Balks at a Third Bailout - New York Times [Last Updated On: May 3rd, 2017] [Originally Added On: May 3rd, 2017]
- Bankruptcy auction for property of NASCAR artist Sam Bass ... - Charlotte Observer [Last Updated On: May 3rd, 2017] [Originally Added On: May 3rd, 2017]
- Pennsylvania Toy Seller Files For Bankruptcy - Wall Street Journal (subscription) [Last Updated On: May 3rd, 2017] [Originally Added On: May 3rd, 2017]
- Obamacare helped make a 50% dent in personal bankruptcies ... - MarketWatch [Last Updated On: May 3rd, 2017] [Originally Added On: May 3rd, 2017]
- Puerto Rico Enters Bankruptcy - Wall Street Journal (subscription) [Last Updated On: May 3rd, 2017] [Originally Added On: May 3rd, 2017]
- Puerto Rico Declares a Form of Bankruptcy - New York Times [Last Updated On: May 3rd, 2017] [Originally Added On: May 3rd, 2017]
- Bankruptcy Basics | United States Courts [Last Updated On: May 3rd, 2017] [Originally Added On: May 3rd, 2017]
- The Truth About Bankruptcy | DaveRamsey.com [Last Updated On: May 3rd, 2017] [Originally Added On: May 3rd, 2017]
- Filing for Bankruptcy: What to Know | Consumer Information [Last Updated On: May 3rd, 2017] [Originally Added On: May 3rd, 2017]
- Bankruptcy - Wikipedia [Last Updated On: May 3rd, 2017] [Originally Added On: May 3rd, 2017]
- Bankruptcy | United States Courts [Last Updated On: May 3rd, 2017] [Originally Added On: May 3rd, 2017]
- Central Grocers files for bankruptcy, will sell Joliet warehouse - Chicago Tribune [Last Updated On: May 4th, 2017] [Originally Added On: May 4th, 2017]
- How Obamacare Helped Slash Personal Bankruptcy by 50% - Money Magazine [Last Updated On: May 4th, 2017] [Originally Added On: May 4th, 2017]
- Morning Agenda: Puerto Rico Declares a Form of Bankruptcy - New York Times [Last Updated On: May 4th, 2017] [Originally Added On: May 4th, 2017]
- Why you can't ignore Puerto Rico's bankruptcy - USA TODAY [Last Updated On: May 4th, 2017] [Originally Added On: May 4th, 2017]
- Goodman Networks Bankruptcy Plan Confirmed - Bankrupt Company News (press release) (blog) [Last Updated On: May 6th, 2017] [Originally Added On: May 6th, 2017]
- RBI Gets More Power Over Indian Bank NPAs - Bankruptcy An Essential Part Of Market System - Forbes [Last Updated On: May 6th, 2017] [Originally Added On: May 6th, 2017]
- Caesars: Poised For A Takeoff Or A Rocky Post-Bankruptcy Landing This Summer? - Seeking Alpha [Last Updated On: May 8th, 2017] [Originally Added On: May 8th, 2017]
- Puerto Rico's bankruptcy is the next step in its slow dance of default - The Hill (blog) [Last Updated On: May 8th, 2017] [Originally Added On: May 8th, 2017]
- This is the No. 1 reason Americans file for bankruptcy - USA TODAY [Last Updated On: May 8th, 2017] [Originally Added On: May 8th, 2017]
- Hartford Moves Closer to Bankruptcy, Soliciting Proposals From Law Firms - Hartford Courant [Last Updated On: May 9th, 2017] [Originally Added On: May 9th, 2017]
- Former 'Dance Moms' star Abby Lee Miller sentenced to prison for bankruptcy fraud - Los Angeles Times [Last Updated On: May 9th, 2017] [Originally Added On: May 9th, 2017]
- Largest US Solar Panel Maker Files For Bankruptcy After Receiving $206 Million In Subsidies - The Daily Caller [Last Updated On: May 11th, 2017] [Originally Added On: May 11th, 2017]
- NephroGenex Bankruptcy Plan Confirmed - Bankrupt Company News (press release) (blog) [Last Updated On: May 11th, 2017] [Originally Added On: May 11th, 2017]
- Food co-op's bankruptcy signals trouble for independent grocers - Chicago Tribune [Last Updated On: May 11th, 2017] [Originally Added On: May 11th, 2017]
- Puerto Rico's first bankruptcy hearing set for May 17 - Reuters [Last Updated On: May 11th, 2017] [Originally Added On: May 11th, 2017]
- Puerto Rico's Bankruptcy Fight Is About to Plunge Into the Unknown - Bloomberg [Last Updated On: May 11th, 2017] [Originally Added On: May 11th, 2017]
- Bankruptcy - Debt.org [Last Updated On: May 11th, 2017] [Originally Added On: May 11th, 2017]
- Bankruptcy - All You Need to Know | Bankruptcy HQ [Last Updated On: May 11th, 2017] [Originally Added On: May 11th, 2017]
- Archdiocese bankruptcy reorganization plan rejected by sex-abuse survivors - TwinCities.com-Pioneer Press [Last Updated On: May 13th, 2017] [Originally Added On: May 13th, 2017]
- Toshiba said to be preparing for bankruptcy as Southern faces Vogtle deadline - Utility Dive [Last Updated On: May 13th, 2017] [Originally Added On: May 13th, 2017]
- High debts, competitive investments sent Marsh to bankruptcy - Supermarket News [Last Updated On: May 14th, 2017] [Originally Added On: May 14th, 2017]
- Burlington dentist takes bankruptcy to U.S. Supreme Court - Burlington Times News [Last Updated On: May 14th, 2017] [Originally Added On: May 14th, 2017]
- Mountain Creek files for Chapter 11 bankruptcy; plan would allow debt restructuring - New Jersey Herald [Last Updated On: May 17th, 2017] [Originally Added On: May 17th, 2017]
- Supreme Court Backs Bids to Collect Outdated Debt in Bankruptcy - Bloomberg [Last Updated On: May 17th, 2017] [Originally Added On: May 17th, 2017]
- New Jersey Ski Resort Files for Bankruptcy - Wall Street Journal (subscription) [Last Updated On: May 17th, 2017] [Originally Added On: May 17th, 2017]
- Westinghouse inches closer to rejecting construction contracts in bankruptcy - Pittsburgh Post-Gazette [Last Updated On: May 17th, 2017] [Originally Added On: May 17th, 2017]
- Teen Retailer Rue21 Files for Chapter 11 Bankruptcy - Wall Street Journal (subscription) [Last Updated On: May 17th, 2017] [Originally Added On: May 17th, 2017]
- Puerto Rico's bankruptcy hearing marks reset of asset scramble - Reuters [Last Updated On: May 17th, 2017] [Originally Added On: May 17th, 2017]
- N.C. questions Duke Energy's plans following Westinghouse bankruptcy - Charlotte Observer [Last Updated On: May 18th, 2017] [Originally Added On: May 18th, 2017]
- Frontier Communications: Bankruptcy Looms In 2020 - Seeking Alpha [Last Updated On: May 18th, 2017] [Originally Added On: May 18th, 2017]
- Bankruptcy Should Be A Last Resort For Struggling Hartford, Conn ... - Seeking Alpha [Last Updated On: May 18th, 2017] [Originally Added On: May 18th, 2017]
- GulfMark Offshore to file for bankruptcy - WorkBoat (blog) [Last Updated On: May 18th, 2017] [Originally Added On: May 18th, 2017]
- South Bay man sentenced to 56 months for bankruptcy fraud - The Mercury News [Last Updated On: May 18th, 2017] [Originally Added On: May 18th, 2017]
- The biggest lesson of Puerto Rico's bankruptcy - CNN [Last Updated On: May 18th, 2017] [Originally Added On: May 18th, 2017]
- Judge laments $15M in legal fees in St. Paul-Minneapolis archdiocese bankruptcy - Minneapolis Star Tribune [Last Updated On: May 20th, 2017] [Originally Added On: May 20th, 2017]
- Caesars Plans New Las Vegas Developments After Bankruptcy Exit - National Real Estate Investor [Last Updated On: May 20th, 2017] [Originally Added On: May 20th, 2017]
- Can Student Loans Be Discharged In Bankruptcy? - Forbes [Last Updated On: May 20th, 2017] [Originally Added On: May 20th, 2017]
- Q&A: How an energy company dodged bankruptcy in oil bust - Houston Chronicle [Last Updated On: May 20th, 2017] [Originally Added On: May 20th, 2017]
- Puerto Rico retirees will get bankruptcy committee: US Trustee - Reuters [Last Updated On: May 20th, 2017] [Originally Added On: May 20th, 2017]
- Caesars Plans New Las Vegas Developments After Bankruptcy Exit - Bloomberg [Last Updated On: May 22nd, 2017] [Originally Added On: May 22nd, 2017]
- Retail bankruptcies are exploding; here are the sectors where it's happening - USA TODAY [Last Updated On: May 22nd, 2017] [Originally Added On: May 22nd, 2017]
- ScanSource Sales Suffer Due to Avaya Chapter 11 Bankruptcy - CommsTrader [Last Updated On: May 22nd, 2017] [Originally Added On: May 22nd, 2017]
- Latest: Coal giant emerges from bankruptcy - High Country News [Last Updated On: May 23rd, 2017] [Originally Added On: May 23rd, 2017]
- Seadrill: Bankruptcy Looming - Seeking Alpha [Last Updated On: May 23rd, 2017] [Originally Added On: May 23rd, 2017]
- How brokers are making bank from retail bankruptcies - The Real Deal Magazine [Last Updated On: May 23rd, 2017] [Originally Added On: May 23rd, 2017]
- Puerto Rico's bankruptcy will only prolong its economic meltdown - Fox News [Last Updated On: May 23rd, 2017] [Originally Added On: May 23rd, 2017]
- More Puerto Rico agencies enter bankruptcy - MarketWatch [Last Updated On: May 23rd, 2017] [Originally Added On: May 23rd, 2017]
- Westinghouse reaches deal for $800 million U.S. bankruptcy loan ... - Reuters [Last Updated On: May 23rd, 2017] [Originally Added On: May 23rd, 2017]
- Avaya Bankruptcy: Hearing on Reorganization Plan Delayed - No Jitter [Last Updated On: May 26th, 2017] [Originally Added On: May 26th, 2017]
- Cancer treatment firm 21st Century Oncology files for bankruptcy - Reuters [Last Updated On: May 26th, 2017] [Originally Added On: May 26th, 2017]
- 21st Century Oncology Files for Chapter 11 Bankruptcy - WSJ - Wall Street Journal (subscription) [Last Updated On: May 28th, 2017] [Originally Added On: May 28th, 2017]
- DOJ Bankruptcy Fee Overhaul Would Hike Chapter 11 Costs - TheStreet.com [Last Updated On: May 28th, 2017] [Originally Added On: May 28th, 2017]
- Bankruptcy Attorneys | Chapter 7 & 13 Bankruptcy | Debt ... [Last Updated On: May 28th, 2017] [Originally Added On: May 28th, 2017]
- How this Harvard undergrad wound up in Brooklyn making a bankruptcy startup - Technical.ly Brooklyn [Last Updated On: May 30th, 2017] [Originally Added On: May 30th, 2017]
- Why two attorneys are appealing San Bernardino's bankruptcy ... - San Bernardino County Sun [Last Updated On: May 30th, 2017] [Originally Added On: May 30th, 2017]
- 21st Century Oncology files for bankruptcy - Sarasota Herald-Tribune [Last Updated On: May 30th, 2017] [Originally Added On: May 30th, 2017]
- Novation Companies Bankruptcy Objections Filed - Bankrupt Company News (press release) (blog) [Last Updated On: May 30th, 2017] [Originally Added On: May 30th, 2017]
- City turns to insurers to help stave off bankruptcy - Insurance Business America [Last Updated On: May 30th, 2017] [Originally Added On: May 30th, 2017]
- Struggling Pittsburgh Athletic Association files for bankruptcy - Pittsburgh Post-Gazette [Last Updated On: May 30th, 2017] [Originally Added On: May 30th, 2017]
- Rickmers Group to file for bankruptcy - JOC.com [Last Updated On: June 1st, 2017] [Originally Added On: June 1st, 2017]
- Delaware Sports Complex in Middletown files for bankruptcy - The News Journal [Last Updated On: June 1st, 2017] [Originally Added On: June 1st, 2017]
- Payless Shoes Wants to Close 800 Stores This Year - Money Magazine [Last Updated On: June 1st, 2017] [Originally Added On: June 1st, 2017]
- Mavericks Surf Contest Organizers Call Off Bankruptcy Auction - Wall Street Journal (subscription) [Last Updated On: June 1st, 2017] [Originally Added On: June 1st, 2017]
- Supervalu CEO sees opportunity in Marsh bankruptcy - Supermarket News [Last Updated On: June 1st, 2017] [Originally Added On: June 1st, 2017]
- Catholic Crosiers Order Files for Bankruptcy - Wall Street Journal (subscription) [Last Updated On: June 1st, 2017] [Originally Added On: June 1st, 2017]
- Canada's Stelco Seeks US Bankruptcy Court Protection - Wall Street Journal (subscription) [Last Updated On: June 3rd, 2017] [Originally Added On: June 3rd, 2017]
- Surf contest pulled from auction: Cartel postpones Mavericks sale, remains in bankruptcy - San Mateo Daily Journal [Last Updated On: June 3rd, 2017] [Originally Added On: June 3rd, 2017]
- EXCLUSIVE: Township Nine owners file for bankruptcy - Sacramento Business Journal [Last Updated On: June 3rd, 2017] [Originally Added On: June 3rd, 2017]