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Kodak Preparing to Exit Bankruptcy by Kevin Judd





Article Author Biography
Kodak Preparing to Exit Bankruptcy by
Article Posted: 12/03/2012
Article Views: 64
Articles Written: 34
Word Count: 138
Article Votes: 0
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Kodak Preparing to Exit Bankruptcy


 
Law,Business,Finance & Investment
Eastman Kodak Company is attempting to finance a deal with bondholders that could take the company out of bankruptcy, according to Reuters.

The news service reports that Kodak has been attempting to finance loans from Centerbridge Partners, GSO Capital Partners, UBS and JPMorgan Chase to build an exit portfolio for bankruptcy. Kodak filed for Chapter 11 bankruptcy in January. In part of a downsizing attempt, the company is attempting to restructure its business model by focusing on printing rather than photography.

In Chapter 11 bankruptcy, a debtor remains in control of its business with oversight from the court and faces a restructuring of its business. If Kodak were able to generate cash through investors, it could reestablish its brands while freeing itself of debt.

Kevin D. Judd

Law Firm of Kevin D. Judd

Related Articles - bankruptcy, chapter 11, Chapter 13, eastman kodak, maryland bankruptcy attorney, washington dc bankruptcy attorney,

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