On what date was the bankruptcy case dismissed for Willy Mathew and Caren N. Musembi regarding Bambu?
Bambu Franchise · 2025 FDDAnswer from 2025 FDD Document
Our Director of Franchise Services, Willy Mathew, filed a bankruptcy petition jointly with his wife under the reorganization provisions of Chapter 13 of the U.S. Bankruptcy Code on January 30, 2015. In re Wily M. Mathew and Caren N. Musembi, No. 15-03080 (Northern District of Illinois). On June 7, 2019, the debtors were dismissed from the case for failure to make plan payments and the bankruptcy case was dismissed on August 8, 2019. Mr. Mathew's current business address is the same as ours.
Other than this action, no bankruptcy information is required to be disclosed in this Item.
Source: Item 4 — Bankruptcy (FDD page 13)
What This Means (2025 FDD)
According to Bambu's 2025 Franchise Disclosure Document, Willy Mathew, the Director of Franchise Services, and his wife Caren N. Musembi, jointly filed for bankruptcy under Chapter 13 of the U.S. Bankruptcy Code on January 30, 2015. The case was filed in the Northern District of Illinois and was identified as In re Wily M. Mathew and Caren N. Musembi, No. 15-03080.
The debtors were dismissed from the case on June 7, 2019, due to failure to make plan payments. Subsequently, the bankruptcy case was officially dismissed on August 8, 2019. The FDD notes that Mr. Mathew's current business address is the same as Bambu's.
This bankruptcy filing is disclosed in Item 4 of the FDD, which covers bankruptcy information. The document explicitly states that no other bankruptcy information is required to be disclosed in this Item, suggesting that this is the only relevant bankruptcy event for disclosure purposes. For a prospective franchisee, this information is important to consider as it provides insight into the financial background of one of Bambu's key personnel.