By Marcus Leach

US photography and filming company Eastman Kodak have denied reports that they are to file for bankruptcy.

Speculation that they would file for bankruptcy grew after it was announced they had hired a law firm, Jones Day, known for handling bankruptcy protection cases.

“Kodak is committed to meeting all of its obligations and has no intention of filing for bankruptcy," a statement on the company's website said.

"The company also continues to actively pursue its previously announced strategy to monetize its digital imaging patent portfolio. Kodak remains focused on meeting its commitments to customers and suppliers, and on delivering on its strategy to become a profitable, sustainable digital company.

“It is not unusual for a company in transformation to explore all options and to engage a variety of outside advisers, including financial and legal advisers. Jones Day is one of a number of advisers that Kodak is working with in that regard.”

Join us on
Follow @freshbusiness