Former film titan Kodak is said to be readying an application for Chapter 11 bankruptcy protection.
The WSJ.com report says Kodak is preparing the Chapter 11 filing in case its efforts to sell some of its digital patents fail.
The imaging giant still employs some 19,000. This report follows a warning that it could soon be delisted from the NYSE.
Kodak has been struggling to find its mojo for some time. Check out this promotional/inspirational video from 2006. It remains one of my all-time favorites.