Film stock maker Eastman Kodak Co. (EKDKQ.PK) announced that it has filed its Plan of Reorganization and Disclosure Statement with the U.S. Bankruptcy Court for the Southern District of New York. The company expects to emerge from Chapter 11 restructuring in the third quarter.
The Plan of Reorganization and Disclosure Statement contain a detailed description of Kodak's post emergence business plan which maintains and extends Kodak's leadership position in the Commercial Imaging Industry.
The company expects the court to schedule a hearing in mid-June to determine the adequacy of the disclosures contained in the documents to provide creditors the ability to evaluate the company's Plan of Reorganization.
In the interim, Kodak said that it will work with its creditors' committees to obtain their support of the plan and may, from time to time, file amendments and supplements to the documents.
by RTT Staff Writer
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