Bankruptcy

    Aretha Franklin says Detroit’s future is bright. The Detroit native, known as the “Queen of Soul,” is reacting to her city’s bankruptcy. In a statement, Franklin says Detroit may be “bankrupt monetarily but we are well-funded in spirit and what it takes to come back.” Franklin says Detroit is a winner. She says […]

Twinkie lovers, relax. The tasty cream-filled golden spongecakes are likely to survive, even though their maker will be sold in bankruptcy court. Hostess Brands Inc., baker of Wonder Bread as well as Twinkies, Ding Dongs and Ho Ho’s, will be in a New York bankruptcy courtroom Monday to start the process of selling itself. The […]