Hostess Files for Bankruptcy, However Twinkies Are Here to Stay!

Hostess Brands Inc. has recently filed for Chapter 11 bankruptcy protection, allowing the company to remain in business while restructuring its debts. It was reported that the company was having problems with pension, benefits costs, and lower sales due to the recesssion. However, the Ho-Hos productline will still be in production, meaning that the Twinkie is here to stay! Hostess Inc. assests are listed at $500 million to $1 billion, and its annual sales are rougly $2 billion.

Categories: Chapter 11, Chapter 7