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Kodak Lays Groundwork For Chapter 11 Filing

LINDA WERTHEIMER, HOST:

NPR's business news starts with Kodak fading.

(SOUNDBITE OF MUSIC)

WERTHEIMER: The legendary American photo company is reportedly preparing for bankruptcy. The Wall Street Journal says the company could avoid bankruptcy by selling off a trove of patents. But it's apparently still laying the groundwork for a Chapter 11 filing that would allow Kodak to continue operating but would release it from debt, including it's obligations to retirees. Transcript provided by NPR, Copyright NPR.