It seems that some restaurants here in the area are struggling and have been struggling. In fact, two restaurant companies in Amarillo have filed for bankruptcy.
As we heard not long ago, Hastings Entertainment has filed for bankruptcy. That means a lot of changes will be happening, like being unable to use store credit or gift cards.
In the wake of a rough economy and emerging competitors, it looks like Kodak might be on its way out. The photography giant announced Thursday morning that they are filing for Chapter 11 Bankruptcy Protection.
It has long been said that a Twinkie would survive a nuclear war. But Hostess, the company that makes the treats, is not so immortal.
In fact, Hostess is expected to file for bankruptcy this week, citing over $800 million in debt. While there is a good chance Hostess will be able to reorganize or be bought out by another company — ensuring Twinkies, Ding Dongs and Ho Hos will remain in stores — it
Hostess, which makes such iconic foods as Wonder Bread and Twinkies, has filed for bankruptcy. The company is some $860 million in debt, so clearly some restructuring is in order.
What happens now, you ask? Here are some possible scenarios of what may take place: