Rebel Creamery Files for Bankruptcy After $23.8M Packaging Lawsuit
On August 14, Rebel Creamery, known for its ice cream products, sought Chapter 11 bankruptcy protection in the U.S. Bankruptcy Court for the District of Utah. Court documents cited by Fox Business reveal that the company has around $13.78 million in assets against liabilities totaling $23.85 million. This bankruptcy follows a significant $23.8 million lawsuit concerning packaging, which ultimately led to the company's financial downfall, although specific details of the case remain undisclosed. The situation underscores the challenges that legal issues pose for small enterprises. The Utah court will oversee Rebel Creamery's bankruptcy proceedings as the company works to reorganize its debts under Chapter 11.
Key facts
- Rebel Creamery filed for Chapter 11 bankruptcy protection on Aug. 14.
- The filing was in the U.S. Bankruptcy Court for the District of Utah.
- Assets listed at roughly $13.78 million.
- Liabilities listed at $23.85 million.
- A $23.8 million packaging lawsuit sank the company.
- The information was reported by Fox Business.
- The bankruptcy is Chapter 11, allowing for reorganization.
- The company's financial difficulties stem from the lawsuit.
Entities
Institutions
- Rebel Creamery
- U.S. Bankruptcy Court for the District of Utah
- Fox Business
Locations
- Utah
- United States
Sources
- Quartz —