Hostess Headed Toward Bankruptcy?

January 10, 2012 Updated Jan 10, 2012 at 3:05 PM EDT

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Hostess Headed Toward Bankruptcy?

January 10, 2012 Updated Jan 10, 2012 at 3:05 PM EDT

According to a report by the Wall Street Journal, Hostess Brands could file for bankruptcy protection as early as this week.

The company, which makes Twinkies and Wonder Bread, has filed for bankruptcy protection once before, and emerged from bankruptcy proceedings in 2009, according to the Wall Street Journal.

Read the Wall Street Journal report HERE.