It seems almost unimaginable for Hostess Brands to be going out of business, but the company seems determined to receive court approval of its bankruptcy plans, which will cost the jobs of more than 18,000 workers.

Hostess is the maker of iconic brands like Twinkies, Ding Dongs, Wonder Bread and more. The company owns not only Wonder, but other snack brands like Drake's and Dolly Madison, as well as Home Pride and Nature’s Pride. A last-ditch effort by a judge to impose mediation between Hostess and the Bakery, Confectionery, Tobacco Workers and Grain Millers International Union, which went on strike earlier this month, appears to have failed.

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