Creditor With More Than $250M In Claims Objects To Kodak's Plan To Offer Only $1

Creditor With More Than $250M In Claims Objects To Kodak's Plan To Offer Only $1

NEW YORK - Creditor STWB Inc. on July 10 filed a brief in the U.S. Bankruptcy Court for the Southern District of New York, arguing that bankrupt Eastman Kodak Co. should not be permitted to estimate the amount of certain claims in its Chapter 11 case because doing so would "effectively disenfranchise" STWB of valuable property rights, which are part of its general unsecured claims exceeding $250 million (In Re: Eastman Kodak Company, No. 12-10202, Chapter 11, S.D. N.Y. Bkcy.).

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