. Kodak and its U.S. subsidiaries filed voluntary petitions for Chapter 11 bankruptcy on Thursday. The petition was filed in the Bankruptcy Court for the Southern District of New York. During the bankruptcy, Kodak hopes to bolster liquidity in the U.S. and abroad, monetize non-strategic intellectual property, resolve legacy liabilities and focus on its most valuable business lines. ”Our goal is to maximize value for stakeholders, including our employees, retirees, creditors, and pension trustees,” said the company in a press release.
Boy Genius Report, Kodak files for Chapter 11 bankrupcy
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