Lewis & Monroe, PLLC
Free One-Hour In-Office ConsultationsFree One-Hour In-Office Consultations

Kodak expected to file for Chapter 11 bankruptcy

Bankruptcy protection is not only for individuals, as many companies also experience financial turmoil. And while sometimes these issues are related to the downturn in the economy, some are also a reflection of the changing market place.

A perfect example of this is the reported expectation that Eastman Kodak Co. will be filing for Chapter 11 reorganization bankruptcy in early 2012. This move would reportedly also end its long history of consumer cameras and photos, but allow space to expand in other ways.

Going forward, it appears the plan would be for the company to go from a consumer business, to a business-to-business company. With this may also come more hiring at the Kodak facility that makes inkjet printers, which could be a step in the right direction to hire those who are currently unemployed.

The report by MarketWatch.com claims the plan for Kodak through this bankruptcy, is to sell 100 percent of its photo business, as well as a large segment of its patent library. From here the company could then focus its energy on digital printing for business-to-business.

Overall, news of the likelihood of Kodak filing for Chapter 11 highlights the fact that filing for bankruptcy can be a financially positive move for a company. For Kodak, while consumer photos and cameras used to be the way the company was making money, over the years this has changed. Luckily, it seems the company is embracing change, and is deciding to instead focus on business-to-business, and continuing the legacy of the Kodak brand.

Source: Dayton Business Journal, "Report: Kodak to focus on printing after bankruptcy," Jan. 8, 2012

No Comments

Leave a comment
Comment Information
ABA Defending Liberty Pursuing Justice American Bankruptcy Institute The Florida Bar 1950 CFAWL Criminal Florida Association For Women Lawyers Orange County Bar Association
Email Us For a Response

Contact The Firm In Orlando, Florida

Bold labels are required.

Contact Information

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.


Privacy Policy

Lewis & Monroe, PLLC

651 Rugby Street
Orlando, FL 32804

Phone: 407-917-4147
Fax: 407-246-0008
Map & Directions