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Polaroid Filing for Bankruptcy

Polaroid Corp will be filing for Chapter 11 bankruptcy protection

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Polaroid Corp will be filing for Chapter 11 bankruptcy protection which doesn’t surprise us, in this time of economic recession. The company wants to restructure its finances and is also investigating its parent company, Petters Group Worldwide for fraud!

'Our operations are strong and during this process Polaroid will ship products to our retail partners, work with our suppliers and contract manufacturers to fulfill retailer demand.' said Mary L. Jeffries, Polaroid chief executive officer.

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