Tag Archives: Hostess

Have Doubts About Chapter 11 Bankruptcy? Just Look at Hostess Brands

Last week, we discussed how Gawker filed for Chapter 11 bankruptcy to reorganize its debts and continue operating. Gawker is one of many businesses that have used Chapter 11 to survive. In fact, we can use Hostess Brands as an additional example of how Chapter 11 bankruptcy can save businesses drowning in debt. Hostess has filed for Chapter 11 bankruptcy twice in its 86 years of operating. In fact, at the time of its initial filing in 2012, many people in the media made fun of Hostess by calling it a ‘Chapter 22 bankruptcy’ due to filing twice within a decade. For those who have never entered a grocery or convenience store, Hostess is the creator of Twinkies, Wonder Bread and Ho Hos. It also has its headquarters here in Kansas City. After emerging from its 2004 bankruptcy in 2009, Hostess continued to struggle. Issues with labor union contracts and…
Read More »

Posted in Bankruptcy - Business | Tagged | Leave a comment