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Koffee Kup employees to receive PTO balances
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Koffee Kup bankruptcy could cut employee benefits from $830K to $12K
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Suspicious, collusive and malicious Koffee Kup attorney accuses creditors of acting in bad faith
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BURLINGTON â Former employees of Koffee Kup and Vermont Bread Company will have to wait at least another week before they know when they will receive their paid-time-off balances. During a court hearing on Tuesday morning, Judge Samuel Hoar was considering a motion to pay the nearly $800,000 in time off balances out of money being held by the receiver of the closed bakeryâs assets.
âWeâre still trying to figure out whoâs going to carve out the bird,â said Hoar. âWho gets a leg and who gets a wing.â
On April 26, just three weeks after American Industrial Acquisition Corporation obtained a majority interest in Koffee Kup, three bakeries were shuttered without notice. In addition to Koffee Kupâs bakery in Burlington, Vermont Bread Company in Brattleboro and Superior Bakery in North Grosvenor Dale, Conn., were closed, pushing nearly 500 employees out of work. While the employees received