Soupman, made famous by a beloved Seinfeld episode, filed for bankruptcy this week. <\/p>\n
The Chapter 11 filing comes less than a month after Soupman's chief financial officer was arrested and charged with tax evasion. <\/p>\n
The bankruptcy was caused by a \"combination of legal liabilities and recent company developments,\" Soupman CEO Jamie Karson said in a statement. <\/p>\n
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. <\/p>\n
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. <\/p>\n
\"We anticipate that there will be no disruption in the quality of our product or service,\" Karson said. <\/p>\n
Related: Seinfeld's \"Comedians in Cars Getting Coffee\" is heading to Netflix <\/p>\n
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. <\/p>\n
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. <\/p>\n
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. <\/p>\n
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.\" <\/p>\n
CNNMoney (New York) First published June 15, 2017: 11:56 AM ET <\/p>\n
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'Soup Nazi' company files for bankruptcy - CNNMoney<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" Soupman, made famous by a beloved Seinfeld episode, filed for bankruptcy this week. Continue reading