Soupman Inc, the New York based company responsible for bringing you the recipes of Seinfeld's 'Soup Nazi' has filed for bankruptcy protection.
Soupman Inc licensed the recipes and name of Chef Al Yeganeh who shot to fame after inspiring the notorious 'Soup Nazi' character that featured on a Seinfeld episode in 1995. The 'Soup Nazi' was well-known for his strict ordering and payment procedures and would refuse to serve you if you didn't play by his rules.
According to a statement from Soupman Inc, the company filed for a Chapter 11 Bankruptcy in US Delaware Bankruptcy Court on Tuesday. Chapter 11 bankruptcy allows businesses to restructure their finances and maximise return.
The company has also secured a $2 million bankruptcy loan to keep Soupman Inc running during the Chapter 11 case.
It seems like it's not just bread the company can't let go of. The bankruptcy claim comes less than a month after Soupman Inc's former chief financial officer, Robert Bertrand, was charged with 20 counts of failing to pay federal income taxes, Medicare and Social Security. Bertrand was indicted for tax evasion but is pleading not-guilty.
It looks like they're holding onto their secret recipes for now, but if the Seinfeld episode is any predictor of real life, we'll be filling up pots of crab bisque in no time.
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