Mrs. Fields to File For Bankruptcy

Posted by Donna Diegel Aug 19, 2008

Is Mrs Fields in Trouble?

You know something isn't quite right with the world when Mrs Fields files for chapter 11.

Bankruptcy is never a good thing, especially when it happens to America's cookie sweetheart Debbi Fields.

According to a post written by the New York Times on August 15, 2008, "Mrs. Fields Famous Brands, the private-equity-backed cookie retailer, said on Friday that it planned to file for Chapter 11 bankruptcy protection to help restructure its business, according to a Securities and Exchange Commission filing."

USA Today.com says, "The company, which licenses and franchises about 1,200 Mrs. Fields Cookies and TCBY frozen yogurt locations worldwide, has begun soliciting votes from creditors for a "prepackaged" bankruptcy reorganization plan.

Apparently, Mrs Fields has felt the same pinch the poor economy has hurt us with too. What is everyone supposed to do now? The malls will never be the same if her cookies crumble! Is the company going under or will it be able to resurface stronger than ever?

I guess we'll just have to wait and see. In the meantime, I'll just stay busy baking my own chocolate chip cookies!