Kodak Is About to Go Bankrupt

Kodak, the iconic American photography company that's struggled to make the transition into the digital era, is reportedly preparing Chapter 11 bankruptcy paperwork.

Kodak, the iconic American photography company that's struggled to make the transition into the digital era, is reportedly preparing Chapter 11 bankruptcy paperwork. Breaking the news in a tweet, The Wall Street Journal reports the company's last hope lies in "efforts to sell a trove of digital patents." If that plan fails, bankruptcy it is. Nevertheless, the news doesn't come as a huge surprise, as there were reports that the company was weighing the possibility of bankruptcy as early as last September. Nevertheless, now's a good time break out the old Brownie and remember a bygone age.