Why was Willy Mathew's bankruptcy case dismissed 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, filed a joint bankruptcy petition with his wife under Chapter 13 of the U.S. Bankruptcy Code on January 30, 2015. The case was filed in the Northern District of Illinois, case number 15-03080.
The document states that on June 7, 2019, the debtors, Willy Mathew and his wife, were dismissed from the case due to failure to make plan payments. Subsequently, the bankruptcy case was officially dismissed on August 8, 2019.
The FDD also notes that Mr. Mathew's current business address is the same as Bambu's. Besides this particular instance, the FDD indicates that no other bankruptcy information needs to be disclosed in Item 4.