Short And Sweet Ch. 11 Stint For Mrs. Fields

Law360, New York (October 6, 2008, 12:00 AM EDT) -- Barely a month after entering Chapter 11, Mrs. Fields Famous Brands has received approval for its prepackaged plan of reorganization.

On Friday, the U.S. Bankruptcy Court for the District of Delaware issued an order approving and confirming the cookie giant's disclosure statement and joint prepackaged plan of reorganization.

The plan allows for the conversion of old notes into a combination of cash, new notes and 87.5 percent of the equity of Mrs. Fields Original Cookies as well as the conversion of the MFOC note into a...
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