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Thursday, January 5, 2012

USA - Kodak prepares for Chapter 11 filing: report

Published on Jan 5, 2012 by
http://www.euronews.net/ Eastman Kodak is reportedly preparing to file for bankruptcy protection from its creditors in case it is unable to sell its digital patents to raise cash.

The Wall Street Journal said that could come later this month or early February.

The once-iconic photographic film pioneer's cash reserves are dwindling and it has been looking for a buyer for its 1,100 digital patents since last July.

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