Koffee Kup Bankruptcy Could Cut Employee Benefits

koffee kup
Photo by Angelo Pantazis on Unsplash

Koffee Kup Bakery employees have been expecting their wages since the company's sudden closure. Additionally, over $830,000 may drop further to $12,000. Vermont Assistant Attorney Justin Kolber states that employees can only claim wages earned "within 180 days of the bankruptcy date".

Koffee Kup's Abrupt Closure

Brattleboro reported that Koffee Kup Bakery halted all operations beginning 26 April 2021. Moreover, North America senior advisor Jeff Sands wrote in the notice that the company had been undergoing financial turmoil.

Creditors permitted the company to pursue operations through a forbearance agreement that had already expired at the time. However, investors made unacceptable offers to the senior lender. The company did not receive additional funds, nor did the forbearan...

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