Liquidation Prompts Hostess To Seek Ch. 11 Extension

Law360, New York (December 11, 2012, 4:08 PM EST) -- Hostess Brands Inc. asked a New York bankruptcy judge on Friday to extend by four months the period during which it alone can file a Chapter 11 plan, saying its decision to liquidate has fundamentally changed the case since its last request.

The Twinkies maker asked U.S. Bankruptcy Judge Robert D. Drain to extend the exclusive periods to file a Chapter 11 plan and solicit acceptances thereof until March 6 and May 6, respectively, in light of a major change that occurred since it filed an...
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