Dippin' Dots Proposes $12.7M Asset Sale To Exit Bankruptcy

Law360, New York (April 11, 2012, 7:14 PM EDT) -- Ice cream company Dippin' Dots Inc. sought bankruptcy court approval Wednesday for a $12.7 million sale of virtually all its assets to an affiliate of investment firm Fischer Ventures LLC.

In the cash transaction, the affiliate — Dippin' Dots LLC — would assume ownership of the cash, accounts, inventory, real estate, brand rights, intellectual property and more to bring Dippin' Dots Inc. out of Chapter 11, according to the motion for approval filed in Kentucky bankruptcy court.

Provisions for the proposed Section 363 sale include a...
To view the full article, register now.

Documents

Related

Sections

Case Information

Case Title

DPDI Liquidating, Inc.


Case Number

5:11-bk-51077

Court

Kentucky Western

Nature of Suit

Date Filed

November 3, 2011

Law Firms

Companies

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.