– Poor Polaroid

Polaroid has filed Chapter 11 bankruptcy…again. On December 18, for the second time since 2001, the company filed voluntary petition for reorganization.

The company "has entered bankruptcy with ample cash reserves [and] has not sought, nor does it expect to seek additional debtor-in-possession financing." Their recent press release explains that they are taking proactive steps to "facilitate the Company’s ongoing financial restructuring process."

Read the press release on Polaroid’s company Web site and read what others are saying on PDNPulse .

One thought on “– Poor Polaroid

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