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Bankruptcy Reorganization Chapter 11

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December 19, 2008

Polaroid Corporation files for Chapter 11 for the Second Time

Minnetonka, MN based, Polaroid Corporation, filed for chapter 11 bankruptcy yesterday at the United States Bankruptcy Court for the District of Minnesota.  The debtor's petition lists Petters Capital, LLC as the largest unsecured creditor.

Polaroid Corporation also filed for chapter 11 in 2001.

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