Byline: Andrea L. Stape
Jun. 28--Happy anniversary.
It's been one year since Newport Creamery fell into bankruptcy court, $10 million in debt and mortally wounded.
It's definitely been a year to remember.
The Rhode Island icon filed for protection under Chapter 11 of the federal bankruptcy laws on June 25, 2001. Since then, 31 restaurants have been shuttered, hundreds of employees laid off and the company's former owner -- Robert Swain -- thrown into a Florida jail on racketeering charges. Plus, more than 600 creditors have been left empty-handed and about 174 employees stuck with $400,000 in unpaid medical bills.
The icon survived the trauma, thanks to ...