Re: Fraude en chapter kodak
Rochester Democrat and Chronicle
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Kodak bankruptcy-related lawsuits streamlined
Bill Rochelle, Bloomberg News; 3:21 p.m. EDT April 4, 2014
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The reorganization plan of Eastman Kodak Co., which became effective in September, created a trust to file lawsuits to generate cash for creditors.
To kick off the process, the creditors’ trust sent almost 1,000 demand letters in November telling former suppliers they would be sued unless they voluntarily gave back so-called preferences, payments received within 90 days of bankruptcy. The trustee followed with lawsuits in January.
Thursday, the trust had the bankruptcy court in Manhattan approve procedures to forestall filings that would otherwise deluge the bankruptcy court with papers in the preference suits.
Basically, the judge set up mediation procedures. So long as a mediation doesn’t conclude without a settlement, a preference defendant isn’t required to file an answer in a lawsuit.
The trust and the defendant will share the mediator’s costs. For suits with less than $25,000 at issue, the shared cost is $1,000. The price rises on a sliding scale until it reached $3,000 for alleged preferences over $500,000.
Kodak filed a petition for Chapter 11 reorganization in January 2012. Unsecured creditors with $1.6 billion to $2.2 billion in claims were projected in the disclosure statement describing the reorganization plan to recover 4 to 5 cents on the dollar.
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