Kodak Lays Groundwork For Chapter 11 Filing | WAMU 88.5 - American University Radio
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Kodak Lays Groundwork For Chapter 11 Filing

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The legendary American photo company is reportedly preparing for bankruptcy. The Wall Street Journal says that Kodak could avoid bankruptcy by selling off a trove of patents. But Kodak wants to file Chapter 11. That would allow it to continue operating, but would release it from debts, including its obligations to retirees.
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