In 2010, Kodak made $64 million on over $1B in film sales. They also have other divisions (digital, etc). The problem is that overhead and debt are bleeding them dry as are legacy costs like pensions. If Chapter 11 bankruptcy can reduce these, and they trim down expenses and overhead, they can start making profits again and will survive. That's the purpose of Chapter 11. It's not a liquidation like Chapter 7.