Kodak Bankruptcy Plan Bumps Debt, Craters Stock

May 2 (Bloomberg Law) -- Eastman Kodak Co. filed a Chapter 11 plan that cratered the stock and bumped up the unsecured notes, although the plan may be revised to pay off second-lien debt fully in cash, as Bloomberg Law's Lee Pacchia and Bloomberg News bankruptcy columnist Bill Rochelle discuss on their video. Next, Rochelle and Pacchia address a decision by a Delaware bankruptcy judge in the reorganization of School Specialty Inc. apparently holding that no make-whole premium will ever be too large for approval. The third item concerns a doctrine known as equitable estoppel, often used to stymie appeals from bankruptcy court approvals of reorganization plans. Chapter 11 plan. The final item is an opinion telling lawyers for consumer bankrupts how they can violate ethical rules when signing clients to flat-fee arrangements.
Singapore's New Normal: ANZ Makes Case for Low Growth
15:31 - Weiwen Ng, an economist at Australia & New Zealand Banking Group Ltd., talks about Singapore's economy and central bank policy after the nation narrowly avoided a technical recession. Ng speaks with Angie Lau on Bloomberg Television's "First Up." (Source: Bloomberg)
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