Quote:
Originally Posted by wavelandscott
Remember that all is not lost for them. They declared "Chapter 11" bankruptcy and have found short term financing so they will continue to trade while restructuring...who knows, they may be able to turn it all around.
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Hi Scott,
An equivalent of Chapter 11 has been long called for in Australia.
For example see -
http://www.smh.com.au/business/chapt...0119-mj8l.html
Kodak have been signaling for some time that they were likely going to file, so
it would not have caught many off guard.
As you say, hopefully they can restructure and find some financing to see them
pull out of Chapter 11. Few companies have as much sentimental value attached
to them in the hearts of the public, so many wish them well and would like to
see them continue to live on.
http://www.youtube.com/watch?v=wZpaNJqF4po