"Oberweis Dairy Declares Bankruptcy"

Oberweis Dairy, a century-old North Aurora dairy known for its ice cream stores and Republican political aspirations by its owner, has filed for Chapter 11 bankruptcy protection. The family-owned dairy owes more than $4 million to its 20 largest unsecured creditors, with Bartlett-based Italian food service company Greco & Sons listed as the largest unsecured creditor. Despite its regional expansion and presence in grocery stores, financial challenges have led to this filing. Jim Oberweis, the grandson of the dairy's founder, pursued a career in Republican politics, with several unsuccessful bids for political office.