Hostess Brands Inc. has filed for bankruptcy and is currently seeking court approval to liquidate. It's officially over, fatties, say bye to your Twinkies and Ding Dongs.
Okay, okay so maybe this isn't the end of Twinkies all together, but it surely is the end of the Hostess Brands.
After years of struggling to strike a balance between creditors, owners, and unions, Hostess Brands had to file for bankruptcy in January of 2012 for a second time. According to the company two large factors in the filing were: legacy pension and medical benefit obligations.