Say it ain't so!!!!!!!!!!!!!!!!!!!!
Didn't think this rated LBN, but its' still IMPORTANT!
Wholesale baker files for bankruptcy protection
KANSAS CITY, Mo. (AP) — Interstate Bakeries (IBC), the nation's largest wholesaler baker whose products include Twinkies and Wonder Bread, filed for Chapter 11 bankruptcy reorganization early Wednesday.
The electronic filing made shortly after midnight with the U.S. Bankruptcy Court in Kansas City, listed assets of $1.626 billion and liabilities of $1.321 billion.
In a press release Wednesday, the company said that, subject to court approval, it has received a commitment for $200 million in financing from JPMorgan Chase (JPM) to pay operating expenses, supplier and employee obligations.
http://www.usatoday.com/money/companies/management/2004-09-22-interstate-bakeries-bankruptcy_x.htm
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