In which district court was Willy Mathew's bankruptcy case for Bambu filed?
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 the 2025 Bambu Franchise Disclosure Document, Willy Mathew, Bambu's Director of Franchise Services, filed a joint bankruptcy petition with his wife on January 30, 2015, under Chapter 13 of the U.S. Bankruptcy Code. 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 later dismissed on August 8, 2019, after the debtors were dismissed from the case on June 7, 2019, for failing to make plan payments. It is important to note 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 related to the company's directors and officers. The FDD states that no other bankruptcy information is required to be disclosed in this Item, suggesting that this was an isolated incident. For a prospective franchisee, this information provides transparency regarding the financial history of one of Bambu's key personnel.