Kodak expects confirmation of its reorganisation plan – a vital step in its emergence from Chapter 11 – at a hearing next Tuesday.

The company says its creditors have voted in favour of the Plan of Reorganisation, and “with this positive outcome, is well positioned to seek confirmation of its Plan of Reorganisation” at the confirmation hearing before the US Bankruptcy Court for the Southern District of New York, scheduled for August 20.

In its filings, Kodak reported that all classes of the company’s eligible creditors voted strongly in favour of the plan.

“Our creditors have clearly told us we have the right strategy for the future of Kodak. This significant endorsement of our Plan enables Kodak to move toward emergence with the support of our creditors,” said chairman and chief executive Antonio Perez. “We are on task and on schedule. We look forward to our confirmation hearing next week and then to emerging from Chapter 11 as a technology company focussed on imaging for business.”

The transformation sees Kodak centred on commercial, packaging and functional printing solutions and enterprise services. It also offers products and services in entertainment imaging and commercial films. Its personalised imaging and document imaging businesses are being spun off to KPP.