Kodak says it may go bankrupt in a year, 13 years after surviving first bankruptcy
Eastman Kodak, the 137-year-old photography company, said it has "substantial doubt about its ability to continue as a going concern", hinting that it may go bankrupt within a year. It said it doesn't have funds to pay $500-million (₹4,400 crore) debt. This comes 13 years after Kodak survived its first bankruptcy, when it had $6.75-billion debt from one lakh creditors.