Soup Nazi-inspired company files for bankruptcy

Calvin Saunders
June 27, 2017

On May 23, Soupman's former chief financial officer, Bob Bertrand, was indicted on federal tax evasion charges.

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. The strict rules at his Soup Kitchen International were adopted by the Seinfeld character, but Yeganeh was never all that thrilled about the "homage".

Soupman Inc., the Staten Island-based chain of soup restaurants that sprung from the famous 1995 Seinfeld "Soup Nazi" episode, has filed for Chapter 11 bankruptcy.

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"The combination of legacy liabilities and recent company developments have made it necessary to seek bankruptcy protection", Karson said in a statement. The government said he paid employees unreported cash and gave some workers large unreported stock awards from 2010 through 2014.

Bertrand, who has pleaded not guilty, was released on $50,000 bond, pending a scheduled July 18 legal hearing, court records show. Details remain unclear as a DIP motion was not yet filed in the U.S. Bankruptcy Court for the District of DE in Wilmington, where Judge Laurie Selber Silverstein is presiding over the case. It also has hired Michael Wyse of Wyse Advisors, LLC as chief restructuring officer and interim chief financial officer. Karson said its products, including jambalaya, lobster bisque and chicken gumbo, would still be available in stores. The company listed $1 million to $10 million of assets.

Other reports by MaliBehiribAe

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