Kodak is in advanced talks with Citigroup to provide bankruptcy financing.
According to Bloomberg a filing could come within weeks, followed by an auction of patents.
The report says Bloomberg spoke to three people familiar with the matter.
It says Kodak is lining up a bidder, or a so-called "stalking horse" bidder to purchase the patents after a bankruptcy filing.
Bloomberg did try to reach kodak but no one was available for comment.
We will continue to track this story tomorrow as new details become available.