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Kodak files for Chapter 11 bankruptcy

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Kodak files for Chapter 11 bankruptcy

Post Number:#1  Postby Wetpixel News » Fri Jan 20, 2012 8:02 am

Kodak files for Chapter 11 bankruptcy

[USA Today](http://www.usatoday.com/money/industrie ... 52660342/1) reports that the iconic Eastman Kodak filed for protection from its creditors under Chapter 11 of the U.S. Bankruptcy Code today. Rumors of its demise had been circulating for some time as it has been running short of cash and unable to sell 1,100 digital imaging parents that could have rescued it. Kodak invented the handheld camera and, at its height, employed 130,000 people worldwide, but it…

http://wetpixel.com/i.php/full/kodak-files-for-chapter-11-bankruptcy/

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