Core Insights - A former commercial real estate credit analyst is facing severe financial difficulties after losing his job, leading to a desperate situation where he is managing multiple debts and trying to survive on minimal income [1][2]. Financial Situation - The individual previously earned $130,000 annually, while his spouse continues to earn the same amount, but his income has drastically dropped to nearly nothing due to job loss amid $2 billion in loan defaults [2]. - The total mortgage obligations amount to over $1.36 million, with total debts likely closer to $1.8 million when including car loans and credit card debt [6]. Property Details - The financial breakdown includes: - Primary home: $540,000 mortgage at 5.75% with a monthly payment of $4,400 [7] - Rental 1: $453,000 mortgage at 6.5% with a monthly payment of $2,956 [7] - Rental 2: $192,000 mortgage with a monthly payment of $1,119 [7] - Rental 3 (with a business partner): $184,000 mortgage at 11.5% [7] - The individual is considering selling assets, including their primary home, and has listed nearly everything for sale, including their car [3][6]. Proposed Solutions - The individual proposed a deal where a potential buyer would pay $20,000 upfront and take over the mortgage, while he would remain on the loan, which is not a viable solution due to the due-on-sale clause in the mortgage [3][4][5].

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Core Viewpoint - Eastman Kodak's shares dropped 25% after the company warned it may face shutdown due to lack of financial support, with $500 million in upcoming debt obligations and no committed financing or liquidity [1][7]. Financial Situation - Kodak is attempting to secure cash by suspending payments to its retirement pension plan and aims to clarify its debt obligations within the week [2]. - The company reported it does not have "committed financing or available liquidity" to meet its financial obligations [1][7]. Historical Context - Kodak, a pioneer in photography, introduced the first digital camera in 1975 but failed to adapt to new technologies, leading to bankruptcy in 2012 with debts of $6.75 billion [3]. - The company was once dominant in the market, controlling 90% of film and 85% of camera sales in the US by the 1970s [9]. Business Strategy - Kodak has shifted focus to industrial printing and selling branded products, such as a Barbie-themed mini photo printer, in response to its financial challenges [4].