Dippin’ Dots Files For Bankruptcy
The “ice cream of the future,” aka Dippin’ Dots, is not feelin’ too futuristic today. The company filed for Chapter 11 bankruptcy in a U.S. Bankruptcy Court in Paducah, Ky after struggling for some time to come to terms with its $20.2 million in listed assets and debt of $12 million (according to its latest filing).
A reorganization plan is being drawn up for its finances and operations, which should be relatively good news for fans of the product. The novelty ice cream ice cream that is basically little beads of ice cream and is popular with theme park visitors and other event-goers should hopefully make it through the reorganization and maintain its distribution.
