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Hostess files for Chapter 11


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Milhouse
Joined: Dec 19 2008
Location: Charlottesville, VA
PostPosted: Jan 11 2012 11:24 pm Reply with quote Back to top

The company that makes Twinkies is filing for bankruptcy.
See what happens when Kirstie Alley joins Jenny Craig?
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sidewaydriver
2010 SLF Tag Champ
Title: ( ͡� &#8
Joined: May 11 2008
PostPosted: Jan 12 2012 12:29 am Reply with quote Back to top

You put a smile on my face with that one.


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username
Title: owner of a lonely heart
Joined: Jul 06 2007
Location: phoenix, az usa
PostPosted: Jan 12 2012 12:56 am Reply with quote Back to top

man, i cant imagine a world with out twinkies. im going out & buying some twinkies right now.


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@om*d
Title: Dorakyura
Joined: Jul 10 2010
Location: Castlevania
PostPosted: Jan 12 2012 01:06 am Reply with quote Back to top

Twinkies can (supposedly) survive a nuclear holocaust, but not bankruptcy? I am sure some company will scoop up the brand.


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UsaSatsui
Title: The White Rabbit
Joined: May 25 2008
Location: Hiding
PostPosted: Jan 12 2012 06:24 am Reply with quote Back to top

Chapter 11 is just reorganization. And there's no way they'll be selling off their most famous item. Don't worry, your Twinkies are safe.
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GPFontaine
Joined: Dec 06 2007
Location: Connecticut
PostPosted: Jan 12 2012 08:46 am Reply with quote Back to top

Does anyone else feel like they are abusing the system by filing?

It almost feels like they are doing this to avoid paying union workers their fair share.

How many times can a company get away with this shit before they can't?



 
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Cattivo
Joined: Apr 14 2006
Location: Lake Michigan
PostPosted: Jan 12 2012 11:11 am Reply with quote Back to top

I hope they reorganize into a better business model. I can't imagine a world without twinkies & snowballs.
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Methid Man
Title: Spawn of Billy Mays
Joined: Nov 23 2010
Location: Hackensack, NJ
PostPosted: Jan 12 2012 01:18 pm Reply with quote Back to top

This thread's making me hungry for a twinkie...
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UsaSatsui
Title: The White Rabbit
Joined: May 25 2008
Location: Hiding
PostPosted: Jan 12 2012 04:03 pm Reply with quote Back to top

GPFontaine wrote:
Does anyone else feel like they are abusing the system by filing?

It almost feels like they are doing this to avoid paying union workers their fair share.

How many times can a company get away with this shit before they can't?

As long as you can create a viable plan for becoming solvent and paying your creditors back, you may file for Chapter 11 as many times as you need to. If you can't stay solvent, though, it's very likely a creditor will file for Chapter 7, which is "sell everything that isn't nailed down and close up shop".

Note that employees owed wages by law get very high priority when it comes to who gets paid what when. I think only the IRS has higher priority. And I'm not even 100% sure about that.
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justdrop
Title: Supreme Overlord
Joined: Jan 11 2012
Location: Philadelphia
PostPosted: Jan 12 2012 04:12 pm Reply with quote Back to top

http://www.youtube.com/watch?v=h81VGWQip4k

It sucks that it's even getting this bad, however I don't consume a lot of pastry-type food so I'm not that affected.


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"You have enemies? Good. That means you've stood up for something, sometime in your life."- Winston Churchill
 
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LeshLush
Joined: Oct 19 2009
Location: Nashville, TN
PostPosted: Jan 12 2012 09:21 pm Reply with quote Back to top

I was always more of a Little Debbie man myself. That being said, the banana flavored twinkies are fucking delicious.
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Beach Bum
Joined: Dec 08 2010
Location: At the pants party.
PostPosted: Jan 12 2012 09:24 pm Reply with quote Back to top

I've never cared for Twinkies, but I really don't care for snack cakes much because I don't really like sugary crap. About the only things I like are those Strawberry Shortcake rolls, but I think Little Debbie makes those. Now if they'd bring back the Ninja Turtles Pudding Pies I'd care about them going bankrupt.
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Ghandi
Title: Alexz Aficionado
Joined: May 21 2008
PostPosted: Jan 12 2012 09:27 pm Reply with quote Back to top

Well, that might kill the chance we have the Zombieland apocalypse.


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Alexz Johnson

 
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Arlock41
Title: Naunie
Joined: Dec 07 2008
PostPosted: Jan 12 2012 10:09 pm Reply with quote Back to top

WHERE WILL I GET MY CREAM FILLED GOODNESS NOW?!?!?!?!
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Bob Dylan`s Blues
Title: Worlds Strongest Man
Joined: Jun 08 2011
Location: Your nightmares
PostPosted: Jan 13 2012 01:52 am Reply with quote Back to top

If they do go out of businesses I'm going to buy as many as I can and wait for them to turn into liquor. It will be my last chance to try.
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sidewaydriver
2010 SLF Tag Champ
Title: ( ͡� &#8
Joined: May 11 2008
PostPosted: Jan 13 2012 02:11 am Reply with quote Back to top

Twinkies will never go away.


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Cattivo
Joined: Apr 14 2006
Location: Lake Michigan
PostPosted: Jan 13 2012 11:11 am Reply with quote Back to top

Arlock41 wrote:
WHERE WILL I GET MY CREAM FILLED GOODNESS NOW?!?!?!?!

Lady parts.
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UsaSatsui
Title: The White Rabbit
Joined: May 25 2008
Location: Hiding
PostPosted: Jan 13 2012 04:46 pm Reply with quote Back to top

I'm just now realizing that Milhouse's avatar is kind of perfect for this announcement.
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username
Title: owner of a lonely heart
Joined: Jul 06 2007
Location: phoenix, az usa
PostPosted: Jan 13 2012 04:49 pm Reply with quote Back to top

Cattivo wrote:
Arlock41 wrote:
WHERE WILL I GET MY CREAM FILLED GOODNESS NOW?!?!?!?!

Lady parts.

hehe, i actually imagined reagan saying that and it made it that much funnier


Klimbatize wrote:
I'll eat a turkey sandwich while blowing my load

 
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Cattivo
Joined: Apr 14 2006
Location: Lake Michigan
PostPosted: Jan 13 2012 04:55 pm Reply with quote Back to top

Haha.

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Milhouse
Joined: Dec 19 2008
Location: Charlottesville, VA
PostPosted: Jan 13 2012 09:24 pm Reply with quote Back to top

UsaSatsui wrote:
I'm just now realizing that Milhouse's avatar is kind of perfect for this announcement.

The sole purpose of the Internet (as far as I can tell) is that I can portray myself as an overweight, duck-nerd. Cool
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Lady_Satine
Title: Head of Lexian R&D
Joined: Oct 15 2005
Location: Metro area, Georgia
PostPosted: Nov 16 2012 02:29 pm Reply with quote Back to top

http://www.npr.org/blogs/thetwo-way/2012/11/16/165260808/no-more-twinkies-hostess-brands-is-shutting-down

So 11 months later, Hostess is confirmed to shut down. Stock up on those Twinkies while you can, the apocalypse is just 34 days away.


"Life is a waste of time. Time is a waste of life. Get wasted all the time, and you'll have the time of your life!"
 
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@om*d
Title: Dorakyura
Joined: Jul 10 2010
Location: Castlevania
PostPosted: Nov 16 2012 06:49 pm Reply with quote Back to top

I bought some Twinkies this morning for the first time in years when I heard Hostess was shutting down. I wonder if the taste will change when someone else starts making them after they buy the brand.


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slapolakinkaido
Title: Illegitimate Son of God
Joined: Jul 14 2009
PostPosted: Nov 16 2012 11:45 pm Reply with quote Back to top

I ate a twinkie once. Now I know my body will never decompose.


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Syd Lexia
Site Admin
Title: Pop Culture Junkie
Joined: Jul 30 2005
Location: Wakefield, MA
PostPosted: Nov 17 2012 08:53 am Reply with quote Back to top

@om*d wrote:
I bought some Twinkies this morning for the first time in years when I heard Hostess was shutting down. I wonder if the taste will change when someone else starts making them after they buy the brand.

When they buy the IP, they'll get the recipe. So hopefully not.
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