Your Twinkies and Cupcakes are in jeapardy..
Hostess files for bankruptcy protection citing pensions and labor as principle reasons
Twinkies maker Hostess seeks bankruptcy protection - WSJ.com
Hostess files for bankruptcy protection citing pensions and labor as principle reasons
Twinkies maker Hostess seeks bankruptcy protection - WSJ.com
In its filing with the U.S. Bankruptcy Court for the Southern District of New York, Hostess disclosed that its biggest unsecured creditor is the Bakery & Confectionary Union & Industry International Pension Fund, which it owes approximately $944.2 million.
Its second-largest unsecured creditor, Central States, Southeast and Southwest Areas Pension Plan is owed far less, about $11.8 million.