Who is the Director of Franchise Services at Bambu mentioned in the bankruptcy filing?
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, filed a bankruptcy petition jointly with his wife on January 30, 2015. The case, In re Wily M. Mathew and Caren N. Musembi, No. 15-03080, was filed in the Northern District of Illinois.
The bankruptcy case was dismissed on August 8, 2019, after the debtors were dismissed from the case on June 7, 2019, for failing to make plan payments. Mr. Mathew's current business address is the same as Bambu's.
Item 4 of the FDD indicates that no other bankruptcy information is required to be disclosed. Prospective franchisees should note that while this bankruptcy filing involved the Director of Franchise Services, it was a personal filing and not related to the Bambu franchise itself. This information is provided to ensure full transparency to potential franchisees.