Rumours about Kodak filling for bankruptcy have been circulating for a while on the Net. The photography community, and not only that, would remember that Apollo 11 astronauts used a Kodak camera to record the memorable event of the first human being walking on the Moon’s surface. Sentimentalisms apart, Kodak obtained a loan of $950 million (£615 million) from Citigroup to continue operating during bankruptcy and paying employees. The combination of loan and bankruptcy protection will allow Kodak re-structuring and re-organising its business whose interventions and strategies are documented in KodakTransforms

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From http://www.businessinsider.com