OTHER NEWS - Aug. 4, 1992
From Times Staff and Wire Reports
Chipwich Files for Chapter 11: Chipwich Inc., the eccentric ice cream maker that catered to the yuppie crowd, has filed for Chapter 11 bankruptcy protection. In the filing in New York, the company said it had liabilities of $7.4 million and assets of $5.3 million. Under Chapter 11, the company will continue to operate while it seeks protection from creditors. The company said its financial difficulties “are related directly to the actions and possible misfeasance of the prior management” of its Peltz Food division, headed by Chairman Robert Peltz. The papers said the U.S. Attorney’s office seized the company’s records July 17 in connection with a federal investigation of Robert Peltz.
