The operator of Mrs. Fields cookies and TCBY yogurt chains worked out a plan for holders of $195 million of bonds to swap that debt for cash, new bonds and a controlling equity stake in a reorganized company. The plan will allow Mrs. Fields, which is majority owned by Capricorn Holdings Inc., to get out from under a debt that has severely constricted its liquidity position. Mrs Field's plans to continue selling cookies and ice cream throughout its prepackaged bankruptcy. - Maria Woehr
Mrs. Fields Famous Brands LLC has filed for Chapter 11 bankruptcy protection in order to restructure. 
