Kodak To File Reorganization Plan

Published 04/30 2013 09:39AM

Updated 04/30 2013 12:44PM

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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