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Eastman Kodak Co., the bankrupt photography pioneer, reported a net loss of $78.8 million in July on revenue of $162.5 million, Bloomberg News reported on Friday. The Kodak companies in bankruptcy reorganization ended July with $438.2 million in cash, a decline of $72 million on the balance sheet from June, according to the operating report filed in bankruptcy court. Kodak's July loss from continuing operations was $52.3 million. In June, the comparable loss was $35.3 million. The larger net loss last month was mostly the result of $12.6 million in interest expense and $12.2 million in reorganization costs.

While ATP Oil & Gas Corp. was winning interim approval to finance the bankruptcy reorganization begun on Aug. 17, two creditors contend that the company did not disclose that it had received a demand from the U.S. Interior Department requiring the posting of $70 million in bonds to cover the plugging and abandonment of wells, Bloomberg News reported on Friday. After a hearing on Aug. 21, it won approval of secured financing, including interim authorization for part of the financing intended ultimately to include $250 million in new borrowing power. In addition, the court allowed the lenders to convert about $365 million in pre-bankruptcy secured debt into a post- bankruptcy obligation. Warrior Energy Services Corp. and Superior Energy Services LLC contended in a court filing that ATP failed to disclose to the parties or to the court that it had received the Interior Department’s demand for bonds on Aug. 17. The creditors say that the demand for bonds may be a default under the newly approved interim financing agreement. The creditors are asking the bankruptcy judge in Houston to reconsider approval of the financing, especially the conversion of $365 million in pre-bankruptcy debt. The reconsideration hearing is on the court’s calendar for Sept. 6.

Patriot Coal Corp. lost $135.6 million in July, much of it coming from charges related to its bankruptcy case, Dow Jones Newswires reported on Friday. In a court filing on Thursday, Patriot attributed $57.2 million of its loss directly to its restructuring and $41.8 million to the financing related to its bankruptcy loan. Also contributing to the loss was a reported $32 million in operating losses, continuing a trend that began long before the July 9 bankruptcy filing of Patriot and 98 of its affiliates. Coal prices have fallen more than 30 percent over the past 12 months, hitting the entire industry hard--and Patriot especially severely.

SP Newsprint Holdings LLC wants permission to increase its bankruptcy loan to $67 million, saying that it needs the extra money to close the proposed sale of its assets, Dow Jones DBR Small Cap reported on Friday. The struggling newsprint company controlled by Interview and Art in America publisher Peter Brant is poised to hand its assets to its lenders under a $145 million deal composed mostly of debt forgiveness. But that transaction now hinges on the company's ability to access crucial extra funding, SP Newsprint said in court papers filed on Thursday.

Syms Corp. yesterday won bankruptcy court confirmation of a chapter 11 plan that will see the former retailer renew its life as a real estate owner, Dow Jones DBR Small Cap reported today. Rather than throwing all its real estate on the bankruptcy auction block at distressed prices, Syms fashioned a plan that allows it to wait for the right time and the right price before selling. The company's advisers estimate the real estate is worth $147 million.

Bankruptcy Judge Robert D. Drain urged union members to vote in favor of the final contract offered up by Hostess Brands Inc., Dow Jones Daily Bankruptcy Review reported today. Judge Drain on Tuesday greeted the development that union officials had agreed to let members vote on a final labor offer as "good news." Hostess Chief Executive Gregory Rayburn last week said that the iconic maker of Wonder bread and Ho Hos will shut down its operations and sell off its brands, plants and other assets immediately if members of the two biggest unions do not ratify the new contracts.

U.S. Trustee Roberta DeAngelis joined criticisms of Solyndra LLC's plan to repay its debts, saying that the bankrupt solar panel maker should disclose whether it is favoring venture capital investors over creditors, Reuters reported yesterday. DeAngelis said in a court filing that Solyndra should provide more information about the repayment plan, which preserves potential tax benefits for the two investment funds that are sponsoring the bankruptcy plan. Earlier this week, the Department of Energy and the Internal Revenue Service also demanded more details about the tax benefits. The two agencies said in a court filing that the Madrone Partners and Argonaut Ventures funds stood to gain more than $500 million in future tax breaks from the Solyndra bankruptcy.

The trustee tracking down funds to pay creditors of Ponzi-scheme orchestrator Tom Petters won a key ruling in bankruptcy court, the Wall Street Journal reported today. Trustee Douglas Kelley, who is overseeing the bankruptcy liquidation of Petters’s former business empire, on Tuesday won a $200,000 judgment against Luxembourg soccer club CS Fola Esch, court papers show. The soccer club received $200,000 from Petters in July 2008, just months before Petters was arrested and his companies taken away from him and placed into bankruptcy protection. Petters is now serving a 50-year prison sentence for his 2009 conviction on multiple fraud and other charges, which he unsuccessfully asked the Supreme Court to review.

Ampal-American Israel Corp. filed for chapter 11 protection as it faces deepening financial troubles in the wake of a halt to natural gas supplies to Israel from Egypt, Reuters reported today. Ampal holds 12.5 percent of East Mediterranean Gas Co., the sole supplier of gas from Egypt to Israel until the Egyptian government cancelled its 20-year agreement signed in the Mubarak-era earlier this year. Ampal has sought to renegotiate agreements with its bondholders on three series of bonds for eight months and has proposed postponing paying the principle on its bonds by two years while offering bondholders shares in the company.

Inner City Media Corp. is seeking to keep control over its chapter 11 case through Oct. 19 while regulators continue to review its plan to sell its radio stations to its senior lenders, Dow Jones DBR Small Cap reported today. Inner City is waiting for the Federal Communications Commission to sign off on the sale of the bulk of its radio stations to its senior lenders. The company currently has the exclusive right to file a Chapter 11 plan through Sept. 4.