Mrs. Fields moves toward emergence from Chapter 11

08/28/2008 |

Mrs. Fields' Original Cookies has received the legal go-ahead to access the funds necessary to remain in business during the Chapter 11 process and is pursuing a $10 million credit line to support its emergence. "We were very pleased with the court's positive response to our first-day motions. Receiving approval so quickly places Mrs. Fields in the best possible position as we move toward completing our restructuring," interim co-Chief Executive Officer Michael Ward said.

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