Mrs. Fields secures use of cash collateral through Oct. 18

By Caroline Salls

Pittsburgh, Sept. 23 - Mrs. Fields Original Cookies, Inc. received final court approval to use cash collateral to fund its operations, according to a Monday filing with the U.S. Bankruptcy Court for the District of Delaware.

As previously reported, the company requested court approval to use the cash collateral through Oct. 18 to provide enough working capital to operate its businesses throughout the reorganization process.

Mrs. Fields, based in Salt Lake City, has 2,100 franchised and licensed concept locations worldwide. Its subsidiaries include franchisors of the Mrs. Fields Cookies and TCBY franchise systems. The company filed for bankruptcy on Aug. 24, and its Chapter 11 case number is 08-11953.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.