JCCC Honors Journal


Bankruptcy is one of the most complex areas of the law. It is this complexity that leads to a lack of common knowledge regarding what bankruptcy is, how it works, and why it is used. This paper provides an overview of the complex steps involved in filing a petition for Chapter 11 bankruptcy. A case study is used to illustrate the process. In 2011, Kodak, an iconic brand that is recognized in nearly every country around the world, filed for bankruptcy. The paper provides a brief history of the company and its many innovations as well as a description of the company’s efforts to reduce liabilities, restructure and regain profitability.

Faculty mentor: G.T. Williams