Business as usual for Mrs. Fields

It'll be business as usual for Mrs. Fields Famous Brands LLC. The Salt Lake City cookie and frozen yogurt maker received the go-ahead to finalize its prepackaged reorganization plan during the first day's motions of its Chapter 11 bankruptcy court proceedings.

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The company was authorized to access $90 million in previously restricted deal proceeds to fund business operations so that it can continue to pay employee salaries, wages and benefit programs, as well as pay vendors and maintain uninterrupted delivery of products and services throughout the Chapter 11 process, according to the press release.

Mrs. Fields filed a bankruptcy petition Sunday. It hopes to emerge from Chapter 11 within 45 days. - Maria Woehr

The Deal: Mrs. Fields files for Ch. 11
Dealscape: Mrs. Fields files for Chapter 11

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