Oberweis Dairy information for Chapter 11 chapter safety; North Aurora firm owes not less than $4 million to collectors

NORTH AURORA, Ailing. (WLS) — Oberweis Dairy has utilized for chapter safety.

The ice cream and dairy firm, primarily based in west suburban North Aurora, filed courtroom paperwork Friday with the Northern District of Illinois for Chapter 11 chapter safety.

Submitting for Chapter 11 chapter safety means an organization will try to pay again the cash they owe to collectors. The corporate has not filed for Chapter 7 chapter.

Oberweis Dairy owes not less than $4 million in mixed unsecured claims to their prime 20 collectors, the paperwork present. The corporate might additionally owe extra money to further collectors that aren’t within the prime 20.

Among the many collectors the corporate owes cash to is the Prepare dinner County Treasurer, to which Oberweis owes simply over $173,000, paperwork present.

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The homeowners of Oberweis Dairy are associated to Illinois Republican politician Jim Oberweis.

ABC7 has reached out to Oberweis Dairy for remark.