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Kodak Lays Groundwork For Chapter 11 Filing

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Kodak Lays Groundwork For Chapter 11 Filing

Business

Kodak Lays Groundwork For Chapter 11 Filing

Kodak Lays Groundwork For Chapter 11 Filing

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  • <iframe src="https://www.npr.org/player/embed/144718505/144718498" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">
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The legendary American photo company is reportedly preparing for bankruptcy. The Wall Street Journal says that Kodak could avoid bankruptcy by selling off a trove of patents. But Kodak wants to file Chapter 11. That would allow it to continue operating, but would release it from debts, including its obligations to retirees.

LINDA WERTHEIMER, HOST:

NPR's business news starts with Kodak fading.

(SOUNDBITE OF MUSIC)

WERTHEIMER: The legendary American photo company is reportedly preparing for bankruptcy. The Wall Street Journal says the company could avoid bankruptcy by selling off a trove of patents. But it's apparently still laying the groundwork for a Chapter 11 filing that would allow Kodak to continue operating but would release it from debt, including it's obligations to retirees.

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