Kodak Vote Leaves Two Options; Only One is Likely
Eastman Kodak, working its way through bankruptcy, has come to a critical fork in the road. Down one path, the thousands of creditors whom Kodak owes money sign up for a small repayment, and Kodak gets to move on from its Chapter 11.
Down the other, those creditors could vote against Kodak’s proposed solution. And that would leave the company’s plans for getting out of bankruptcy in limbo.
The former is the direction Kodak is counting on.