Dippin' Dots files for bankruptcy

Posted Sunday, November 6, 2011 8:10 AM | Contributed by Jerry

The Paducah, Ky.-based Dippin' Dots filed for Chapter 11 reorganization Thursday night, asking U.S. Bankruptcy Judge Thomas H. Fulton to allow it to use cash collateral to continue operations while the case plays out. The company said in a filing that allowing it to use the cash collateral and stay functioning will not harm creditors, including its largest single creditor, Regions Bank, which is owed $11.1 million.

Read more from AP via The Detroit News.

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