The Daily Docket: Kodak Preparing for Bankruptcy

According to The Wall Street Journal, Eastman Kodak Co. is readying itself to file for Chapter 11 protection in the coming weeks.

The banks that want to sell their stake in the Archstone apartment company to Sam Zell’s Equity Residential over the objections of the biggest owner, Lehman Brothers Holdings Inc., say Lehman had already approved a possible sale to Zell in 2009. Read the Daily Bankruptcy Review article here.

A growing number of business owners made the tough financial decision to put their companies under bankruptcy protection last month, sending a monthly tally of filings slightly up in a new report. Click here to read the article in DBR Small Cap.

(The Daily Bankruptcy Review and DBR Small Cap are daily newsletters with comprehensive coverage and analysis of emerging and in-progress insolvencies and turnarounds. For a two-week trial to DBR, click here. For DBR SC, click here.)

Congress wants more information on how deeply credit-ratings firms investigated the bet that put MF Global Holdings Ltd. into bankruptcy, WSJ reports.

According to Reuters, MF Global UK administrator KPMG will start giving back frozen assets to clients.

CreditSlips points to an analysis of the Stern v. Marshall Supreme Court decision.

Denny Hecker bankruptcy trustee Randall Seaver will subpoena Hecker’s ex-wife, friends and an attorney, the Star Tribune reports.

According to WSJ, Fiat SpA increased its ownership stake in Chrysler Group LLC.

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