Kodak Kickstarts Ch. 11 Plan Talks With Creditors

Law360, New York (October 12, 2012, 1:24 PM EDT) -- Bankrupt Eastman Kodak Co. said Friday it was ready to begin negotiations with its creditors on a proposed restructuring plan, as the iconic film and photography company primes to emerge from court protection in New York.

Kodak said it had made enough progress in its Chapter 11 case to begin meeting with key creditor groups to hammer out the details of a restructuring plan. The company also publicly disclosed its financial projections, which forecast $1.2 billion in revenue for the first half of 2013 and $1.5...
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