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VOL. 128 | NO. 10 | Tuesday, January 15, 2013

Dippin' Dots Bankruptcy Case at End

AP

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PADUCAH, Ky. (AP) – A remaining piece in the bankruptcy case of novelty ice cream maker Dippin' Dots has been resolved.

A spokesman for the company that purchased Dippin' Dots said Monday a hearing scheduled for later this week is expected to be cancelled because information sought by a federal bankruptcy judge was submitted.

Once the self-proclaimed "Ice Cream of the Future," Dippin' Dots sought federal bankruptcy protection in 2011. The company called the move necessary to stave off foreclosure on more than $11 million in loans.

Investors from Oklahoma City purchased Paducah-based Dippin' Dots for $12.7 million in May. The new owners, Dippin' Dots LLC, plan to expand the company.

Dippin' Dots LLC spokesman Brent Gooden says the new company is making plans to celebrate the brand's 25th anniversary this summer.

Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 86 313 4,762
MORTGAGES 97 409 6,640
FORECLOSURE NOTICES 34 147 1,475
BUILDING PERMITS 0 705 11,294
BANKRUPTCIES 53 311 4,525
BUSINESS LICENSES 41 177 1,983
UTILITY CONNECTIONS 64 436 6,253
MARRIAGE LICENSES 19 132 1,373

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