Kodak - Chapter 11: Quiebra

no se decidio nada todavia

Dicen que las malas noticias vuelan.

Encontrado a las 4:43 hora ET.

NEW YORK — Eastman Kodak Co. expects to be done with Chapter 11 bankruptcy just after Labor Day.

The company is hoping to get court approval on Aug. 20 for its plan for coming out of bankruptcy, with that plan effective Sept. 3.

U.S. Bankruptcy Court on Tuesday set that timetable into motion as it approved the disclosure statement to be mailed out to the company's numerous unsecured creditors left holding IOUs when it filed for bankruptcy in January 2012.

That disclosure statement and ballots will be mailed out in early July, with the company hoping to get a majority of such creditors mailing back "yes" votes by an Aug. 9 voting deadline.

Check back later for updates.

http://www.democratandchronicle.com/article/20130625/BUSINESS/306250022/Kodak-expects-to-be-out-of-bankruptcy-by-Sept-3

Bloomberg News
Kodak Creditors Cleared for Vote on Bankruptcy Plan (1)

Eastman Kodak Co. (EKDKQ) won court approval for creditors to vote on the photography pioneer’s plan to reorganize and exit bankruptcy protection by selling $406 million of stock.

Kodak can move forward with its restructuring by sending the proposal to creditors for consideration, U.S. Bankruptcy Judge Allan Gropper in Manhattan said today at a hearing.

Kodak, based in Rochester, New York, filed for bankruptcy in January 2012 and is reorganizing around its commercial imaging business. The company is scheduled to return to court Aug. 20 for approval of the bankruptcy plan.

The proposal hinges on the rights offering for 85 percent of the equity of the company backstopped by a creditor group that includes GSO Capital Partners and BlueMountain Capital Management. Kodak also plans to rely on $895 million in loans to finance the bankruptcy exit.

The plan pays unsecured creditors with estimated claims of from $1.6 billion to $2.2 billion a recovery of as much as 5 cents on the dollar, according to court papers. Existing stock will be canceled.

The bankruptcy case is In re Eastman Kodak Co., 12-bk-10202, U.S. Bankruptcy Court, Southern District of New York (Manhattan).

To contact the reporter on this story: David McLaughlin in New York at [email protected]

To contact the editor responsible for this story: John Pickering at [email protected]

http://www.businessweek.com/news/2013-06-25/kodak-creditors-cleared-for-vote-on-bankruptcy-plan-1

Ufff....eso significa q como mucho 5 céntimos por acción??? No joooooodas...

No, eso significa cero. Las acciones existentes se cancelan.

Fin de la historia.

¿Tenéis acceso a los foros americanos? Me gustaría echarles un vistazo.

La mala noticia no es tanto la cancelación de las acciones como que los deudores reciban sólo 5 centavos por dólar prestado. Pero algo me dice que votarán a favor porque es la única salida.

Ricardo, dí algo, no te sucides ;)