The snack food company Hostess Brands filed for Chapter 11 on January 10, 2012, about seven and a half years since its previous bankruptcy claim in September of 2004. Last Wednesday, Hostess said it would be reforming into a more competitive company. While Hostess lists about $860 million in debt the company still has enough money to keep stores stocked with their products. Additionally, Hostess didn’t announce any job cuts, but Hostess spokesman Lance Ignon said the company will decide on matters that protect the best interests of the company.
Read the full story at the Huffington Post.
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