Kodak Lays Groundwork For Chapter 11 Filing

from National Public Radio

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.

Broadcast Dates

• Morning Edition, January 5, 2012