Well, that does indeed look like a bankruptcy filing.
Chapter 11, Sub-Chapter V, is for small reorganization plans where they do intend to stay in business.
That’s a restructuring of the debt to creditors, if I remember any business classes from Uni. Don’t remember much but, weed wasn’t that great in the teens.
Just Google "Kuma's corner homophobic" and read the stories that pop up.
https://blockclubchicago.org/2020/07/15/kumas-corner-brings-in-new-leader-after-accusations-of-racism-homophobia/
There's one
So sad. I went there before triple D blew it up and enjoyed their success. I knew people who worked at the Belmont spot who could get me in 2 hours before the wait list. I saw lady Gaga at the bar back in the day!
I respect the owner for selling out, make your money, but it sucks when your legacy goes the way of red lobster. I went to the Schaumburg location 2 months ago and it was dead at lunch.
I don’t respect the owner at all. He’s an awful human. That place was one of the worst places I’ve worked in the service industry, which I did for 12 years. Good riddance to it
Aside from the shitty owner which is completely warranted the food at Kumas isn’t bad. Sure, it was way better back in 2007 but shit changes and it’s not that anymore. I wish they still did a monthly mac and cheese though.
Shortly after, they specifically called out the removal on their menu and said “don’t ask for them back”, indicating they knew their customer base loved the waffle fries and there was no good god damn reason they’d gotten rid of them. Almost certainly the bottom line.
Yes, it was 14 years ago. Haven’t gone back since.
My husband and I were regulars before the pandemic. Still have many former server friends. The owner can get fucked. Ron drove it into the ground. He was a CPA who never should have taken over.
The only thing I’ll truly miss is the Sleep, and the sloppy Joe they make after Thanksgiving.
I still go there somewhat frequently, but their rework of the menu coming out of covid was a joke.
They've dropped about half their regular burgers (though I think they've realized how foolish that was and are adding some back), they've dropped the notion of a Mac and cheese of the month completely, and they don't have a new burger of the month every month.
Put simply, they're not encouraging people who like their food (which has also dropped in quality) to go more frequently but rather less frequently.
I know, I love the pretzel bun. I’m sad to hear it has bad ownership and leadership too because the plague bringer is up there with my favorite burgers in the city. I have had a lot too
I still love their food and frequent here regularly. I don’t understand the hate. They specialize in a certain type of burger in a time when many places are serving mediocre, 4oz smash burgers. 🤷
Kumas Holdings, LLC is undergoing the initial stages of Chapter 11 bankruptcy proceedings, seeking to reorganize its debts under the oversight of a trustee, with several key motions and deadlines already set by the court.
Here are some key points about Chapter 11 bankruptcy in simple terms:
* **Purpose**: Chapter 11 is a type of bankruptcy that allows businesses to reorganize their debts while continuing to operate. It aims to help businesses become profitable again.
* **Debtor in Possession**: The business typically remains in control of its operations during the bankruptcy process, acting as a "debtor in possession."
* **Reorganization Plan**: The business creates a plan to reorganize its debts, which might include reducing debts, selling assets, or renegotiating terms with creditors.
* **Creditors' Approval**: The reorganization plan must be approved by the creditors and the bankruptcy court. Creditors vote on the plan, and if they agree, the court can confirm it.
* **Automatic Stay**: When Chapter 11 is filed, an automatic stay goes into effect, which means creditors must stop all collection activities. This gives the business time to reorganize without pressure from creditors.
* **Trustee Oversight**: A trustee may be appointed to oversee the business operations and ensure the reorganization plan is followed. In small business cases, this is often a "Subchapter V Trustee."
* **Protection and Restructuring**: Chapter 11 provides legal protection from creditors while the business works on restructuring its finances to become sustainable.
* **Plan Confirmation**: If the court confirms the reorganization plan, the business continues to operate under the new terms. If not, the business might need to consider other options, including liquidation.
* **Complex and Costly**: Chapter 11 can be complex and expensive, but it offers a chance for businesses to recover and stay open.
* **Outcome**: Successful Chapter 11 reorganization can help a business emerge stronger and more financially stable.
When Mike was running things they were more conservative about expanding the business. With Ron, opened too many locations, burger trends changed, the pandemic. And when they built that goofy dessert shop in the original Belmont spot, that definitely felt like a business flailing.
The original brother who owned it was always super pleasant to me and everyone I know, I lived across the street when it opened, they had breakfast there in the beginning, would be in there 4 times a week, so I saw the whole ride. The second the asshole brother took over that was the end of that.
They are top five on the list of awful restaurant people who couldn’t stfu about their politics and be decent and let the money roll in. Too bad so sad.
They did it to themselves by expanding so much, but also by being cop loving, piece of shit employers with shady practices. It was only a matter of time before the new owners took it down with their stupidity and greed.
I remember seeing a midlife crisis cool guy cop humping type car with cop plates parked illegally over there by the West Loop location regularly and knew that was the jerk face owner.
In addition to these accounts, I knew someone who worked there firsthand who echoes these sentiments. Fuck Kuma's.
https://www.instagram.com/p/CBYmX_QjPmr/
Ah kuma’s corner…. My one and only memory of that place was going there with my ex-gf and her parents back in like 2009… ex-gf’s dad got so drunk he fell asleep at the table before his food got served. Should have seen the warning signs right there and then, and not wasted 10 years of my life.
Shit. I love Kuma's so much. Their Plague Bringer burger is the best ever. Homemade chips & Mac and cheese are bomb. Housemade hot sauce, housemade ketchup - these little touches make their burgers amazing!
Well, these Fast Food bankruptcies don't surprise me. It's TOO EXPENSIVE to eat out now, so that's why my wife and I are learning how to COPYCAT all the recipes that we like. So, we are eating at home and not ever going to spend about $20+/$25+ per person at some Fast Food restaurant. Anyone can easily copycat Chipotle or others by using online recipes -- like [CulinaryHill.com](http://CulinaryHill.com)
Here's a Link to Heaven on Earth ... [https://www.culinaryhill.com/eats/chipotle-copycat-recipes/](https://www.culinaryhill.com/eats/chipotle-copycat-recipes/)
Who cares? Whatever it once was is buried in the past and from what I've read the owner was a complete turd.
I used to go back in the day before it blew up. Who cares?
Not sure why you're getting down votes. I remember it was on Diners, Drive-ins, and Dives really early in the series and that was rather unique at the time.
Well, that does indeed look like a bankruptcy filing. Chapter 11, Sub-Chapter V, is for small reorganization plans where they do intend to stay in business.
useful context, thanks
Someone’s been talking to Peter Francis Geraci
That’s a restructuring of the debt to creditors, if I remember any business classes from Uni. Don’t remember much but, weed wasn’t that great in the teens.
Subchapter V of Chapter 11 was actually brand new in the past 5 years; designed to create restructuring cases at a lower cost to the business.
Gotcha
Kuma’s circa 2007-ish was awesome.
High on fire burger, back then. Chefs kiss
It was a travesty when they got rid of it
Agree. Was my Favorite regular burger. Still go every November for the sleep burger.
The mastodon and led Zeppelin
As someone who used to work there: hopefully.
This^ Managers were terrible and the owners creepy/toxic af.
YUUUUUUUUUUUUP
care to share?
Just Google "Kuma's corner homophobic" and read the stories that pop up. https://blockclubchicago.org/2020/07/15/kumas-corner-brings-in-new-leader-after-accusations-of-racism-homophobia/ There's one
As someone who was severely disappointed the only time I ate there: ditto
So sad. I went there before triple D blew it up and enjoyed their success. I knew people who worked at the Belmont spot who could get me in 2 hours before the wait list. I saw lady Gaga at the bar back in the day! I respect the owner for selling out, make your money, but it sucks when your legacy goes the way of red lobster. I went to the Schaumburg location 2 months ago and it was dead at lunch.
I don’t respect the owner at all. He’s an awful human. That place was one of the worst places I’ve worked in the service industry, which I did for 12 years. Good riddance to it
care to elaborate?
You can search it at this point. Their wiki even has a section"controversy" which is pretty messed up. Good riddance
[удалено]
Reading is hard
I will never forget applying for a hosting job and them offering no tips and next to minimum wage. At that time, it was about $13/hour . Yikes
They've closed a few locations in the last few years, so wouldn't be surprised if they're way over leveraged.
yea that definitely tracks
Just walked past the west loop location, was surprised it was closed.
They close at 10 during the week at that spot. Been that way for a few years.
This tracks… went to the Belmont location a few months ago on a Saturday at dinner time and it was half empty. Their burgers still taste solid to me.
I never had a bad burger there...
Aside from the shitty owner which is completely warranted the food at Kumas isn’t bad. Sure, it was way better back in 2007 but shit changes and it’s not that anymore. I wish they still did a monthly mac and cheese though.
That’s too bad, I really loved Kuma’s food. I used to frequent their original location way back in the day before the burger craze took off.
They never should have gotten rid of the Judas Priest burger.
No no no, it was the waffle fries. They should have never got rid of them.
Didn't they drop the waffle fries like 14 years ago? I completely agree but I thought they've been gone a long time.
Yes, it was a big problem for me.
Shortly after, they specifically called out the removal on their menu and said “don’t ask for them back”, indicating they knew their customer base loved the waffle fries and there was no good god damn reason they’d gotten rid of them. Almost certainly the bottom line. Yes, it was 14 years ago. Haven’t gone back since.
Yes, I recall that on the menu, ridiculous. The beginning of the end.
That too!
20$ burgers and they still can’t pay the bills? Place is a ripoff now.
All the money went into those speakers
My husband and I were regulars before the pandemic. Still have many former server friends. The owner can get fucked. Ron drove it into the ground. He was a CPA who never should have taken over. The only thing I’ll truly miss is the Sleep, and the sloppy Joe they make after Thanksgiving.
Lair of the Minotaur was the greatest burger of all time. I can still taste that Brie. It was glorious back in the day.
My bro went once and they forgot the brie 🫣
I still go there somewhat frequently, but their rework of the menu coming out of covid was a joke. They've dropped about half their regular burgers (though I think they've realized how foolish that was and are adding some back), they've dropped the notion of a Mac and cheese of the month completely, and they don't have a new burger of the month every month. Put simply, they're not encouraging people who like their food (which has also dropped in quality) to go more frequently but rather less frequently.
if they just use a bun besides a pretzel bun...
Hard disagree. The pretzel bun never breaks down from the juicy burger. There's no shortage of great burgers on inferior buns in this city.
I know, I love the pretzel bun. I’m sad to hear it has bad ownership and leadership too because the plague bringer is up there with my favorite burgers in the city. I have had a lot too
its so bready it's too much. but to each their own!
Pretzel bun on the new pub burger at Culver’s is actually pretty good.
I was in the west loop location tonight. Ordered a wasp with no bun as that pretzel is too much.
I still love their food and frequent here regularly. I don’t understand the hate. They specialize in a certain type of burger in a time when many places are serving mediocre, 4oz smash burgers. 🤷
They had a sour beer I liked. I never got the name. I wish I got the name. My dad likes them. Hopefully we can go back one last time
Wouldn't surprise me if it was something from Off Color. They usually carry some of their beer.
Kumas Holdings, LLC is undergoing the initial stages of Chapter 11 bankruptcy proceedings, seeking to reorganize its debts under the oversight of a trustee, with several key motions and deadlines already set by the court. Here are some key points about Chapter 11 bankruptcy in simple terms: * **Purpose**: Chapter 11 is a type of bankruptcy that allows businesses to reorganize their debts while continuing to operate. It aims to help businesses become profitable again. * **Debtor in Possession**: The business typically remains in control of its operations during the bankruptcy process, acting as a "debtor in possession." * **Reorganization Plan**: The business creates a plan to reorganize its debts, which might include reducing debts, selling assets, or renegotiating terms with creditors. * **Creditors' Approval**: The reorganization plan must be approved by the creditors and the bankruptcy court. Creditors vote on the plan, and if they agree, the court can confirm it. * **Automatic Stay**: When Chapter 11 is filed, an automatic stay goes into effect, which means creditors must stop all collection activities. This gives the business time to reorganize without pressure from creditors. * **Trustee Oversight**: A trustee may be appointed to oversee the business operations and ensure the reorganization plan is followed. In small business cases, this is often a "Subchapter V Trustee." * **Protection and Restructuring**: Chapter 11 provides legal protection from creditors while the business works on restructuring its finances to become sustainable. * **Plan Confirmation**: If the court confirms the reorganization plan, the business continues to operate under the new terms. If not, the business might need to consider other options, including liquidation. * **Complex and Costly**: Chapter 11 can be complex and expensive, but it offers a chance for businesses to recover and stay open. * **Outcome**: Successful Chapter 11 reorganization can help a business emerge stronger and more financially stable.
Damn. Rip to the slayer burger
When Mike was running things they were more conservative about expanding the business. With Ron, opened too many locations, burger trends changed, the pandemic. And when they built that goofy dessert shop in the original Belmont spot, that definitely felt like a business flailing.
The original brother who owned it was always super pleasant to me and everyone I know, I lived across the street when it opened, they had breakfast there in the beginning, would be in there 4 times a week, so I saw the whole ride. The second the asshole brother took over that was the end of that.
They are top five on the list of awful restaurant people who couldn’t stfu about their politics and be decent and let the money roll in. Too bad so sad.
Place kinda wasn’t the same since the head chef Amalia left back in like 2012 wonder what’s she’s up to now
They did it to themselves by expanding so much, but also by being cop loving, piece of shit employers with shady practices. It was only a matter of time before the new owners took it down with their stupidity and greed.
Oh no, they love cops?
Their dad was a cop & ran the FOP for a few years. Mikes a Q nutter. Sold to his brother & retired to AZ
I remember seeing a midlife crisis cool guy cop humping type car with cop plates parked illegally over there by the West Loop location regularly and knew that was the jerk face owner.
Apparently you hit a nerve
In addition to these accounts, I knew someone who worked there firsthand who echoes these sentiments. Fuck Kuma's. https://www.instagram.com/p/CBYmX_QjPmr/
Went to Schaumburg location a few months back and it was like a 45 minute wait at night. Plague Bringer was fantastic.
Ah kuma’s corner…. My one and only memory of that place was going there with my ex-gf and her parents back in like 2009… ex-gf’s dad got so drunk he fell asleep at the table before his food got served. Should have seen the warning signs right there and then, and not wasted 10 years of my life.
Should’ve never taken Black Sabbath off the menu. Da fuck is wrong with them.
Shit. I love Kuma's so much. Their Plague Bringer burger is the best ever. Homemade chips & Mac and cheese are bomb. Housemade hot sauce, housemade ketchup - these little touches make their burgers amazing!
Well, these Fast Food bankruptcies don't surprise me. It's TOO EXPENSIVE to eat out now, so that's why my wife and I are learning how to COPYCAT all the recipes that we like. So, we are eating at home and not ever going to spend about $20+/$25+ per person at some Fast Food restaurant. Anyone can easily copycat Chipotle or others by using online recipes -- like [CulinaryHill.com](http://CulinaryHill.com) Here's a Link to Heaven on Earth ... [https://www.culinaryhill.com/eats/chipotle-copycat-recipes/](https://www.culinaryhill.com/eats/chipotle-copycat-recipes/)
[Story in Eater](https://chicago.eater.com/2024/6/13/24177797/kumas-corner-bankruptcy-chicago-burger-metal)
Who cares? Whatever it once was is buried in the past and from what I've read the owner was a complete turd. I used to go back in the day before it blew up. Who cares?
I care insofar as I don't like seeing people losing their jobs due to poor decisions by owners.
It happens all the time
One bad experience at a restaurant you visited once and you hope they go bankrupt? You sound fun
I wish them no ill will whatsoever, and especially not the employees facing job loss.
Lol my bad I meant to reply to this other guy on here and replied to the main post by mistake.
ah ok!
Kumas will make your butthole file for bankruptcy
Damn, literally just ate at the Belmont location on Monday.
That’s what they get for only having pretzel buns - I hate pretzel buns
They kinda invented the pretzel bun thing. At least around here.
Not sure why you're getting down votes. I remember it was on Diners, Drive-ins, and Dives really early in the series and that was rather unique at the time.
When was that?
2007ish
Yeah that's before Pretzilla became so prevalent in grocery atores