08.19.13
Kodak's creditors have voted in favor of its Plan of Reorganization, and with this positive outcome, the company is well positioned to seek confirmation of its Plan of Reorganization at the confirmation hearing scheduled for Aug. 20 before the U.S. Bankruptcy Court for the Southern District of New York.
In its filings with the Bankruptcy Court, Kodak reported that all classes of the company's eligible creditors voted strongly in favor of the company's Plan.
"Our creditors have clearly told us we have the right strategy for the future of Kodak. This significant endorsement of our Plan enables Kodak to move toward emergence with the support of our creditors," said Antonio M. Perez, chairman and CEO. "We are on task and on schedule. We look forward to our confirmation hearing next week and then to emerging from Chapter 11 as a technology company focused on imaging for business."
In its filings with the Bankruptcy Court, Kodak reported that all classes of the company's eligible creditors voted strongly in favor of the company's Plan.
"Our creditors have clearly told us we have the right strategy for the future of Kodak. This significant endorsement of our Plan enables Kodak to move toward emergence with the support of our creditors," said Antonio M. Perez, chairman and CEO. "We are on task and on schedule. We look forward to our confirmation hearing next week and then to emerging from Chapter 11 as a technology company focused on imaging for business."