Kodak Details Restructuring Progress; Will ‘Wind Down’ Consumer Inkjet Printer Sales

In its motion, Kodak describes the substantial progress it has made toward reorganization goals since filing for Chapter 11 on Jan 19, 2012. Kodak’s case is large and complex, involving some $5 billion in assets, global operations, thousands of contracts and leases, thousands of potential creditors, and ongoing asset sales. Kodak’s progress includes the successful stabilization of its business, the development of its emergence plan, significant operating improvements, the expansion of customer and vendor relationships, and substantial cost reductions.