Could this be the end of Twinkies?
Twinkies maker, Hostess Brands, is shutting its doors for good. Hostess products have been an American staple since the 1930s. What happened?
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Twinkie Maker Hostess Plans to Liquidate in Bankruptcy
The American snack food we all remember savoring at some point in our lives is soon to be no more. The maker of cream-filled Twinkie, Hostess Brands Inc., announced last week that it is liquidating and going out of business after a failed bankruptcy.
→ Read MoreSinger Toni Braxton Accused of Bankruptcy Fraud
It may seem that celebrities have more than enough money to get by, but even movie stars and famous singers file for consumer bankruptcy; and sometimes they even get in trouble with the law in the process. GrammyAward-winning singer Toni Braxton is facing accusations of defrauding the bankruptcy court by transferring over $53,000 to her estranged husband to avoid paying her bankruptcy creditors. ӬӬ
→ Read MoreCapital One Charged with Illegal Debt Collections in Class Action Lawsuit
A federal class action lawsuit has been filed against credit card company Capital One and the Law Offices of Cohen and Slamowitz, the company’s legal counsel. Capital One is being accused of employing unlawful credit and collection practices that allegedly violate the Fair Debt Collection Practices Act.
→ Read MoreCity College of San Francisco Close to Bankruptcy
The largest community college in the country, City College of San Francisco, may be on the verge of bankruptcy, with overpaid employees partially to blame.
→ Read MoreDebtor’s Prison: Go to Jail for Unpaid Debt
Most people believe that debtors can’t be put in prison or jail for failing to pay money they owe. The truth is, however, debt collectors and creditors still have a way to impose jail on debtors.
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