Kodak Files for Bankruptcy Protection

Posted by Joachim Bartels | Jan 19, 2012 | Digital Imaging, KODAK | 0 |

Kodak’s long battle to remake itself for the digital age ended in failure on Thursday as the company that was instrumental in turning photography into a popular pastime filed for bankruptcy.

The 131-year-old company said that it had filed for protection under Chapter 11 of the US bankruptcy code, along with its US subsidiaries, but that units elsewhere were not affected by the action and would continue to meet their obligations to suppliers.

The bankruptcy filing does not come unexpectedly as reported by BIIA in early January.

Source: Financial Times

About The Author

Joachim Bartels

Joachim C Bartels is a co-founder, director, head of information resources and Editor-in-Chief of BIIA. In his capacity as Editor-in-Chief he is responsible for the selection of relevant information content concerning industry insights, trends, technological developments, standards and policies impacting BIIA members in particular and the business information industry in general.

The BIIA library is approaching 10,000 news items and best demonstrated practices. BIIA members receive regular news alerts on key developments in the industry and the regulatory environment. The BIIA readership is widespread: between 4 to 5 thousand unique visitors access BIIA.com per month.