date:Nov 30, 2012
In a Nov. 16 filing, Hostess said it hopes to complete the wind down and sale of its assets in approximately one year.
The filing said the desired outcome of the wind down would be to sell groups of assets that could then be operated as an ongoing concern. Doing so would result in the buyer assuming as many of the related administrative expenses and other claims as possible.
Plans already have been put in place by Hostess for 13 wind-down periods, which would span the entire one-year projecte