Posted on Monday, March 12th, 2012 at 8:02 pm
Hostess Brand Inc., named a new CEO that will help them through there Chapter 11 bankruptcy reorganization process.
The Texas-based company filed for bankruptcy after struggling with increased competition and labor costs. The former CEO resigned from the position and he is now being replaced by the chief reconstruction officer who joined with Hostess in February.
The company filed for Chapter 11 bankruptcy in February. Another reason that the company has struggled with sales is because of health conscious Americans choosing healthier snack options.
If you or a loved one has been considering a filing for bankruptcy in order to help with your financial situation, visit the Joliet bankruptcy lawyers of the law office of Stuart B. Handelman by calling 815-722-2201