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Follow on Google News | Could Kodak’s Possible Bankruptcy and Reform Actually be Good for the Company?Recently, Kodak has become a victim of the small marketplace and has had one too many issues with their finances. With their Chapter 11 filing, they will have the opportunity to reform their business and focus on their strongest current markets.
By: Rob R. Nichols Most people believe that Kodak fell behind the curve around 1975. Digital pictures were first starting to appear and Kodak did not recognize it as an important part of the marketplace. Once digital cameras began taking over Kodak had to quickly adapt to the technology and start from scratch. The many patents that other companies had acquired in the meantime put a huge hurt on their dominance of the marketplace. Until the past seven years, Kodak was not even considered on most people’s shopping list for new high quality digital cameras of all ranges. Today, Kodak is looking at a 40 cent per share pricing and bankruptcy is one of the most likely things that will happen. The company will not be going completely under; however, they will be reforming their services. Their current projected plan is to cut most lines of their business and focus on the photo printing business. This method would focus on their strongest asset and use their best patents to gain the advantage over their competitors. Today’s personal bankruptcy issues for individual people are not nearly as devastating or harsh to endure. We offer the least amount of pain, and we do all the paperwork involved in getting a great start right. If the calls from the creditors and constant pains in the stomach need to end, call us today for your free consultation to get started now. # # # About the Company: The Law Office of Rob R. Nichols is conveniently located in Woodland Hills, California. We are dedicated to providing you with the personal attention you need. You will not speaking with paralegals or secretaries, but assisted all along the way by a compassionate attorney who will be able to address all of your legal needs and help you through the legal process. Contact: Rob R. Nichols The Law Office of Rob R. Nichols 5850 Canoga Avenue, 4th Floor Woodland Hills, CA 91367 818-914-4741 http://www.nicholsbankruptcylaw.com End
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