Kodak, the historic photography company, warns it is at risk of bankruptcy due to $500 million in debt and lack of cash.

Eastman Kodak, an iconic name in photography, is in severe financial difficulties, warning investors that it may not survive. The company, with debts of 500 million dollars, does not have enough cash to meet its future obligations. Although Kodak made progress in the second quarter, the 20% drop in shares on Wall Street reflects market concerns. After a history of success, Kodak has been hit by Japanese competition and the transition to digital technology, having already filed for bankruptcy in 2012. It remains to be seen whether it will be able to recover again.