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Hostess, Maker Of Twinkies, Closing!

Filed under: Sad SadBusiness BlitzFood

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Hostess Brands Inc., maker of all the best snacks, most memorably Twinkies, is shutting its plants down and looking to sell off its assets.

The company has been in business for over 80 years but they just couldn't withstand a national strike organized by its second largest union.

The strike was launched to protest a new labor contract and it affected almost two-thirds of Hostess's 36 nationwide plants.

Hostess's CEO said:

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Betsey Johnson Celebrates Chapter 11 With Cupcakes & Bubbly

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Most people don't go around celebrating filing for Chapter 11 bankruptcy, but when you're Betsey Johnson it does!

Shortly after news broke on Thursday, the entire Betsey Johnson design team celebrated

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Betsey Johnson Files For Bankruptcy!

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Whaaaaa???

Betsey Johnson sent the fashion world into a tizzy on Thursday when news broke that her licensee filed for Chapter 11 bankruptcy.

As a result of the filing, a majority of BJ's 63 stores will shutter starting next month and more than 350 employees are expected to lose their jobs.

Yikes!

Betsey said

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Bankrupt! This Isn't A Kodak Moment!

Filed under: Sad SadBusiness Blitz

kodak

Wow, even Kodak is going bankrupt…

The legendary film company is filing their Chapter 11 bankruptcy protection papers either this month or early February.

They're hoping someone buys them before then, but if not, it's dunzo!

And why?? Because

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Dodgers File For Bankruptcy!

Filed under: Legal MattersBaseball

Frank McCourt Bankruptcy

Uh-oh!

After a $3 billion deal television deal with FOX Sports was rejected by Major League Baseball Commissioner Bud Selig, the Los Angeles Dodgers have been forced to file for bankruptcy!

Owner Frank McCourt filed for Chapter 11 bankruptcy, which allows the team to continue to operate. However,

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