Ailing Eastman Kodak is preparing to file for protection for its creditors. The Wall Street Journal reports this. So the end seems near for the photography icon. Kodak was threatened yesterday that it would be removed from the New York Stock Exchange's price charts. According to The Wall Street Journal, Kodak would file for Chapter 11 status if it failed to sell a package of patents. The 132-year-old icon Kodak has been on the brink of bankruptcy for some time. The company has missed the boat on digital photography massively. Turnover has halved in five years and the company is accumulating losses.

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