Oberweis Dairy, the nearly century-old suburban business known for its milk products and ice cream stores, filed for Chapter 11 bankruptcy protection on Friday,…
Oberweis Dairy, the nearly century-old suburban business known for its milk products and ice cream stores, filed for Chapter 11 bankruptcy protection on Friday, according to court documents.
Chapter 11, the type of bankruptcy being sought is often called"reorganization" bankruptcy, which allows an entity to remain in operation while restructuring its finances and debts.
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