Posted at: 04/30/2013 7:07 AM
How will Kodak emerge from Chapter 11 bankruptcy? On Tuesday, the former photo giant will file its draft plan with the bankruptcy court.
Kodak will also ask a bankruptcy judge to approve a plan to sell its personalized imaging and document imaging businesses to a British pension plan group.
The move will settle pension claims from retirees in Britain and give Kodak $650-million.
Kodak says it will use some of the proceeds to emerge from bankruptcy and grow its commercial imaging business.