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Kodak To File Reorganization Plan

We are expecting learn the details Kodak's plan for reorganization to emerge from bankruptcy.
We are expecting to learn the details of Kodak's plan for reorganization to emerge from bankruptcy.

The company is expected to file a draft Chapter 11 plan with the U.S. Bankruptcy Court. Meantime, first quarter earnings numbers show Kodak made a $283 million profit, compared to a $366 million loss in the same time last year. Experts say a lot of that profit is from selling patents. Kodak announced Monday that it had cleared another final hurdle to get out of bankruptcy.
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