Hostess Preparing for Bankruptcy

It was announced that Hostess Brand, Inc., the Irving, Texas based wholesale baker, was preparing for chapter 11 bankruptcy this week.  This is the Company’s second bankruptcy in the last two years.  The bankruptcy may allow the Company to reduce its debt and renegotiate its labor contracts. Hostess has been facing cash constraints, despite recent investments of $40 million […]

Read More

Friendly’s to Emerge from Bankruptcy

Friendly Ice Cream Corp is set to emerge from bankruptcy, after a bankruptcy judge approved the sale of the company to its prior owner, a private equity firm, Sun Capital Partners Inc., in exchange for debt forgiveness.  Friendly’s announced that it would be closing 37 locations.   

Read More

Where Are the Bankruptcy Filings (Part II)?

The 4th quarter of 2011 was the quarter of massive bankruptcies. A variety of economic pressures, such as decreased demand, the impact of rising commodity prices, and concern over the Euro zone contagion, became too much for even some of the biggest American companies to survive. On October 31st, MF Global led the onslaught of […]

Read More

Where Are The Tidal Wave of Chapter 11 Bankruptcies?

Three years after the collapse of Lehman Brothers started a tidal wave of bankruptcies, corporate filings have been down.  But, there is reason to believe that corporate bankruptcies may pick up again, with some big name companies struggling or having recently filed. We have recently heard rumblings from some big names.  What we have heard is that […]

Read More