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After a year and a half of trials and tribulations, Kodak is finally in the clear -- it just exited Chapter 11 bankruptcy. Now that the company has finished offloading its document and personal imaging groups, it's free to pursue a recently court-approved reorganization plan that focuses solely on

1 year ago 0 Comments
September 3, 2013 at 3:42PM
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Now with a patent sale, new financing and asset offloads under its belt, Kodak's homing in on when it might emerge from Chapter 11 bankruptcy. In January, the imaging giant predicted it might finally exit its financial default by mid-2013, and now it's filed paperwork with a New York court indicat

1 year ago 0 Comments
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When Kodak filed for Chapter 11 bankruptcy a year ago, the company promised to re-emerge stronger than ever a year later. While that scenario has yet to play out, the gears do seem to be turning: US bankruptcy court Judge Allan Gropper today approved Kodak's bid to borrow up to $844 million from C

1 year ago 0 Comments
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Kodak is selling off its renowned film arm in order to revive its moribund fortunes. It'll join sales of the company's patent portfolio, online gallery, commercial scanning, photo kiosk and theme park businesses so it can concentrate on a not-yet successful printer enterprise. It needs to raise mo

2 years ago 0 Comments
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It's only January 10th and Kodak's already having a terrible year: six days ago the beloved photography company was preparing for Chapter 11, but today its stock price leapt by 45 percent (and counting). The cause? The announcement of a new plan intended to pull the troubled company into the 21

2 years ago 0 Comments
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Teetering no longer. According to Reuters, satellite phone maker TerreStar has filed for Chapter 11 bankruptcy to protect itself from liabilities in the range of $1.6 billion. As expected, a restructuring is in order, with Blackstone Group LP providing financial advice for such a move. One of TerreS

4 years ago 0 Comments
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Okay, look, guys -- we know putting a satellite into space is a pricey endeavor -- just ask Sirius XM -- but you literally just launched your first commercial device, the Genus, and we don't think that \"launch a device then immediately declare bankruptcy\" is a particularly sound business model. The

4 years ago 0 Comments
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This one's been expected and rumored for a long time. Now it's official: Blockbuster has initiated \"pre-arranged\" chapter 11 proceedings. Under the plan, Blockbuster's debt would be reduced from $1 billion to about $100 million when implemented. The press release states that Blockbuster is currentl

4 years ago 0 Comments
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It's not official, but rumor that Blockbuster is preparing to file for bankruptcy in September is certainly believable. Expected even. According to several sources speaking to the Los Angeles Times, Blockbuster chief executive Jim Keyes along with representation from Blockbuster's senior debt holde

4 years ago 0 Comments
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It isn't throwing in the towel just yet, but things don't seem to be looking good for Netherlands-based iRex Technologies -- CEO Hans Brons has just announced that the company has been forced to file for Chapter 11 bankruptcy protection amid a string of problems that's led to \"financial difficultie

4 years ago 0 Comments