Kodak to hand over businesses to UK retirees to fix pension debt Photography icon Eastman Kodak laid plans to emerge from a year-plus stretch in bankruptcy court with a deal that turns over two businesses it was trying to shed to unusual recipients: its UK retirees. The Rochester, New York, company has been selling assets and shutting businesses since it filed for bankruptcy protection in January 2012 amid a cash crunch. But it didn't have many offers for the camera-film business that helped make it a blue chip, said people familiar with the company.