Kodak's Chapter 11 may result in a spin off of the film division into a new Kodak leaving the losses, patents, real estate, etc. in the old. This reorg is not uncommon and leaves the profitable divisions in a position to either be sold off or continue in a smaller and leaner company; think about the GM reorg and the GM automaker of today is not the original company but the new spun off company. Much will depend on the mindset of the present manager and BoD as to whether they've thrown in the towel or are trying to save the company in a meaningful way.