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Article: DUNN'S DAIRY QUEEN FILES CHAPTER 11 BANKRUPTCY
- Article from:
- THE JOURNAL RECORD
- Article date:
- January 5, 1989
- Author:
CopyrightCopyright (null) The Journal Record. Provided by ProQuest LLC. (Hide copyright information)
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filed Wednesday by Dunn's Dairy Queen Inc., franchisee of 29 Dairy
Queen restaurants in Oklahoma.
The company listed total assets of about $4 million and
liabilities of $2.8 million with $1.5 million in secured debt and
$1.27 in unsecured debt.
D.Q. Enterprises,Inc., a holding company which owns all of the
stock of Dunn's Dairy Queen, also filed a Chapter 11 petition. It
listed $1.18 million in total assets and $183,999 in total
liabilities.
Dan Borgen, president of Dunn's Dairy Queen, said the company
would continue to serve customers as a debtor in possession and
aggressively market its product.
Dunn's Dairy Queen plans to open three new stores this year, the
company said. ...