Twinkies Maker Filing for Bankruptcy
POSTED: Wednesday, January 11, 2012 - 4:09pm
UPDATED: Wednesday, January 11, 2012 - 8:36pm
The makers of Twinkies are in a financial squeeze.
The Wall Street Journal reports that Hostess and Wonder Bread will be filing for Chapter 11 bankruptcy protection for a second time.
The companies blame rising costs in flour, sugar and other baking ingredients, as well as snowballing debt.
Hostess first filed for bankruptcy eight ears ago.