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Mrs. Fields secures use of cash collateral through Oct. 18
By Caroline Salls
Pittsburgh, Sept. 23 - Mrs. Fields Original Cookies, Inc. received final court approval to use cash collateral to fund its operations, according to a Monday filing with the U.S. Bankruptcy Court for the District of Delaware.
As previously reported, the company requested court approval to use the cash collateral through Oct. 18 to provide enough working capital to operate its businesses throughout the reorganization process.
Mrs. Fields, based in Salt Lake City, has 2,100 franchised and licensed concept locations worldwide. Its subsidiaries include franchisors of the Mrs. Fields Cookies and TCBY franchise systems. The company filed for bankruptcy on Aug. 24, and its Chapter 11 case number is 08-11953.
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