Cookie Maker Crumbles, Announcing Ch. 11 Plan

Law360, New York (August 15, 2008, 12:00 AM EDT) -- Mrs. Fields Famous Brands LLC said Friday it plans to file for Chapter 11 bankruptcy by Aug. 25 and has begun asking for votes from creditors to approve the company's prepackaged reorganization plan.

The company plans to continue operating 1,268 Mrs. Fields and TCBY franchises around the globe.

The Salt Lake City-based cookie and yogurt company “commenced a solicitation of votes on a joint prepackaged plan of reorganization ... from certain of the companies’ creditors and interest holders,” according to a filing Friday with the U.S....
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