Saturday, December 20, 2014

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Western NY

Eastman Kodak Bankruptcy Update

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Rochester: Eastman Kodak Bankruptcy Update
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Eastman Kodak wants more time to put together a plan to emerge from bankruptcy.

According to the SEC filing, Kodak is in discussions with lenders to change the deadline for filing a plan from February to April.

Kodak is currently required to file a Chapter 11 bankruptcy plan with the US Bankruptcy Court by February 15th, but wants to extend the deadline to April 30th.

When Kodak first filed for bankruptcy a year ago, it was supposed to file a reorganization plan by May 18th.

There have been various extensions since.

Kodak says the company is still planning to emerge from bankruptcy sometime mid-year. ClientIP:, UserAgent: CCBot/2.0 ( Profile: TWCSAMLSP