It looks like sellers hawking “collectible” Twinkies for thousands of dollars on eBay are out of luck, because the end of Hostess may not be as imminent as the world believed last week. Hostess Brands Inc. agreed to a private mediation with its lenders and the baker’s union (the Bakery, Confectionery, Tobacco Workers and Grain Millers International Union) as urged by a New York bankruptcy judge Monday, the Chicago Tribune reported reported.

READ MORE: Hostess Calls It Quits After Union Strike

"My desire to do this is prompted primarily by the potential loss of over 18,000 jobs as well as my belief that there is a possibility to resolve this matter," Judge Robert Drain explained.

The beloved brand announced last week that it had requested permission to liquidate its assets in order to preserve dwindling cash reserves, citing a crippling bakers strike as the primary catalyst. Operations were suspended in all 33 of the company’s U.S. plants last week.

The proposed wind-down has already been met with opposition by unions and the U.S. Trustee, which argued that Hostess plans to dole out improper bonuses to senior management and other insiders. The company wants permission to pay management 75 percent of their annual salary so they will stay for the wind-down. The Teamsters have said that the liquidation would hinder the ability of employees to take remaining sick and vacation days.

Read the full story at the Chicago Tribune.

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