The filing from Soupman, Inc. comes less than a month after its chief financial officer was arrested on charges of cheating the government out of employment-related taxes.
A company that sells soup from the recipes of the chef who was the real-life model of the "Soup Nazi" on "Seinfeld" has filed for bankruptcy.
A Chapter 11 bankruptcy petition filed Tuesday in DE stated that Soupman had estimated assets between just over $1 million and $10 million, and estimated debts ranging from just over $10 million to $50 million.
Soupman said in a news release that it has secured a $2 million debtor-in-possession credit facility that will allow it to continue business while the Chapter 11 bankruptcy is underway.
India, Pak exchange fire along LoC in Bhimber Gali
One civilian has died and seven others have been injured in the ceasefire violations over the last few weeks. Earlier on June 12, the Pakistan Army had violated ceasefire in Jammu and Kashmir's Krishna Ghati sector.
Soupman started in NY in the 1980s, where it earned a reputation for great food but bad customer service, before expanding into franchise across the States and ready-made soup for supermarkets.
His job included collecting, accounting for and paying the taxes for Soupman's employees.
They say the government lost out on some $600,000 in taxes because Bertrand paid workers $2.85 million in unreported cash and stock awards from 2010 to 2014.
According to the indictment, the total estimated tax loss to the Internal Revenue Service was $593,000. Bertrand has pleaded not guilty. "This will ensure that our delicious soups remain on grocery shelves throughout the country, which is in the best interests of all our stakeholders and customers".