97-year-old Oberweis Dairy, an Illinois-based company, files Chapter 11 bankruptcy owing $4M to top 20 unsecured creditors.
97-year-old Oberweis Dairy, an iconic Illinois-based company, has filed for Chapter 11 bankruptcy, owing over $4 million to its top 20 unsecured creditors. The bankruptcy raises concerns for employees and customers with 40 ice cream and dairy locations in Illinois and Missouri. It highlights challenges faced by businesses in Illinois, where several companies have relocated or filed for bankruptcy.
April 20, 2024
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