VOL. 128 | NO. 10 | Tuesday, January 15, 2013
Dippin' Dots Bankruptcy Case at End
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 This material may not be published, broadcast, rewritten or redistributed.