14 DAY TRIAL // Over the past two years, Kodak has been shedding pretty much every facet of its business, as has been quite thoroughly tracked here.
Everything was supposed to come together in such a way that Kodak would be able to reorganize itself and emerge from the ashes.
Now, the company has filed its Plan of Reorganization and Disclosure Statement with the U.S. Bankruptcy Court for the Southern District of New York.
By the end of the process, Kodak aims to become a leader in the Commercial Imaging Industry.
The jury is still out on whether the former glory will ever be regained.
“The filing of the Plan of Reorganization and Disclosure Statement represents a major milestone in our reorganization: this initiates our emergence process,” said Antonio M. Perez, Kodak’s chairman and chief executive officer.
“We now have a clear path forward for Kodak, and we are positioning the company for a profitable and sustainable future.”