Polaroid Files Chapter 11

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BOSTON–Long troubled Polaroid, which on Friday filed for Chapter 11 protection in U.S. Bankruptcy Court in Wilmington, Del., said in a prepared statement that it “intends to continue to manufacture, market and distribute its core instant imaging products” as it works to restructure its operations and finances. Polaroid continues to advertise, though it remains to be seen if spending levels will be trimmed in the near term, said company representative Skip Colcord.

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