KODAK CLOSE TO EMERGENCE

Eastman Kodak Co. was expected back in bankruptcy court today to say that it has fundamentally turned a corner.
The company will seek a judge’s approval on the company’s plan for wrapping up its bankruptcy and essentially starting over as a brand new company.
Kodak’s bankruptcy reorganization plan – which includes selling off its Document Imaging document scanner business and its Personalized Imaging camera film and photo kiosk businesses along with paying back legions of unsecured creditors at roughly 4 to 5 cents on the dollar – has approval from various creditors it owes.

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