Kodak Files for Bankruptcy Protection

January 19, 2012

After months of speculation, film company Eastman Kodak Co. filed for Chapter 11 bankruptcy protection today. In its filing in US Bankruptcy Court in the Southern District of New York, the company reported that it has $6.8 billion in debt and $5.1 billion in assets. Kodak has struggled for years as photography moved from film to digital photography. The company...

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