Judge OKs Ch. 11 Dairy Co. Sale Rules With $20M Floor Bid

By Emlyn Cameron · May 1, 2024, 6:49 PM EDT

An Illinois bankruptcy judge on Wednesday agreed to approve sale procedures for bankrupt ice cream and dairy producer Oberweis Dairy Inc. that would set a $20 million bid as the auction...

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Bankruptcy Scorecard

Summary

A popular Illinois-based ice cream and dairy producer owned by a former Republican state senator filed for bankruptcy blaming a series of business missteps and laying out plans to sell its assets.

Case Number

24-bk-05385

Judge

David D. Cleary

Venue

U.S. Bankruptcy Court for the Northern District of Illinois

Capital Structure

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Related Sections

Case Information

Case Title

ODI Oldco, Inc.

Case Number

1:24-bk-05385

Court

Illinois Northern

Nature of Suit

Date Filed

April 12, 2024

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