Dippin’ Dots Melts

Courtesy of “The Street”-  Dippin’ Dots on Friday filed for Chapter 11 bankruptcy in a U.S. Bankruptcy Court in Paducah, Ky - after struggling to fend off foreclosure efforts by Regions Financial(RF_) as a result of a $11.1 million debt. 

The inventor of “the ice cream of the future”, will draw up a reorganization plan for its finances and operations to continue manufacturing its novelty bead-based ice cream products that are a hit at theme parks, concert halls and stadiums.

In its filing, the company listed assets of $20.2 million and debt of $12 million