Hostess bounced back after declaring bankruptcy in 2012.
- Chapter 11 bankruptcy allows companies to reorganize in order to become profitable again.
- Companies like Hostess, Marvel, Converse, and GM have declared bankruptcy and bounced back stronger than ever.
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Declaring bankruptcy doesn't necessarily signal the end of a company. With the right restructuring strategy, brands can get back on their feet and emerge from bankruptcy stronger than ever.
These 10 household names worked their way out of debt and back into the black after filing for bankruptcy. Here's how they did it.