Iconic distressed baking company files for Chapter 11 bankruptcy

Commercial bakeries are some of the most beloved manufacturers of products. Whenever popular baking companies have financial problems that can lead to bankruptcies and possible shutdowns, consumers face the risk of losing some of their favorite products.

One of the most prominent brands to disappear from store shelves and disappoint its millions of fans was Hostess Brands after it filed for Chapter 11 bankruptcy in January 2012, ceased operations, and liquidated.