<p>The Eastman Kodak Company, once a mighty photography pioneer, received court approval on Tuesday for its plan to emerge from bankruptcy as a much smaller digital imaging company.</p><p>The ruling by Judge Allan L. Gropper of the Federal Bankruptcy Court for the Southern District of New York puts Kodak on track to exit bankruptcy in about two weeks.</p><p>"It will be enormously valuable for the company to get out of Chapter 11 and hopefully begin to regain its position in the pantheon of American business," Judge Gropper said.</p><p>Kodak, based in Rochester, was for years synonymous with household cameras and family snapshots. It filed for bankruptcy protection in January 2012, weighed down by high pension costs and a delay of years in embracing digital camera technology.</p><p><a href="http://www.nytimes.com/2013/08/21/business/court-gives-kodak-approval-to-leave-bankruptcy.html">Keep reading...</a></p><p>Read also:</p><p><a href="http://www.theguardian.com/business/2013/aug/20/kodak-green-light-emerge-bankruptcy">Photo pioneer Kodak given green light to emerge from bankruptcy</a> (The Guardian)</p><p><a href="http://www.usatoday.com/story/money/business/2013/08/20/kodak-bankruptcy-plan-approved/2678397/">Judge approves Kodak's bankruptcy plan</a> (USA TODAY)</p><p><a href="http://www.npr.org/blogs/thetwo-way/2013/08/21/214052180/kodak-reinvents-itself-judge-approves-bankruptcy-exit">Kodak Reinvents Itself As Judge Approves Bankruptcy Exit</a> (NPR (blog))</p><p>Explore: <a href="http://news.google.com/news/more?ncl=dEG1fk-n_AkmkyMeRa_qgAIHYjbvM&ned=us">128 additional articles.</a></p>
