On what date did Willy Mathew, Bambu's Director of Franchise Services, file for bankruptcy?
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.
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, filed a bankruptcy petition jointly with his wife on January 30, 2015. The filing was made under Chapter 13 of the U.S. Bankruptcy Code. The case was In re Wily M. Mathew and Caren N. Musembi, No. 15-03080 (Northern District of Illinois).
The bankruptcy case was later dismissed on August 8, 2019, after the debtors were dismissed from the case on June 7, 2019, for failure to make plan payments. The FDD notes that Mr. Mathew's current business address is the same as Bambu's.
This disclosure is important for prospective franchisees as it provides transparency about the background of one of Bambu's key personnel. While the bankruptcy occurred several years ago and was ultimately dismissed, franchisees may want to inquire further about Mr. Mathew's role and responsibilities within the company to assess any potential impact on the franchise system.