Soupman, the New York City food company made famous by the popular Seinfeld TV sitcom, has sought bankruptcy court protection, weeks after its chief financial officer was indicted on federal tax evasion charges.
Based on Staten Island, the company licenses the name and recipes of Al Yeganeh, the model for the gruff "Soup Nazi" character in the popular 1989-1998 series that starred comedian Jerry Seinfeld. The character focused fanatically on his culinary creations and refused to serve some would-be customers, barking what became a much-repeated catchphrase: "No soup for you!"
A Chapter 11 bankruptcy petition filed Tuesday in Delaware stated that Soupman had estimated assets between just over $1 million and $10 million, and estimated debts ranging from just over $10 million to $50 million.
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The company said in a news release that it has secured a new $2 million debtor-in-possession credit facility from an independent private investment firm to fund working capital needs "and allow business operations to continue as usual."