Hostess, which makes such iconic foods as Wonder Bread and Twinkies, has filed for bankruptcy. The company is some $860 million in debt, so clearly some restructuring is in order.
What happens now, you ask? Here are some possible scenarios of what may take place:
It has long been said that a Twinkie would survive a nuclear war. But Hostess, the company that makes the treats, is not so immortal.
In fact, Hostess is expected to file for bankruptcy this week, citing over $800 million in debt. While there is a good chance Hostess will be able to reorganize or be bought out by another company — ensuring Twinkies, Ding Dongs and Ho Hos will remain in stores — it