Eastman Kodak is to come out of bankruptcy as a much smaller digital imaging company.
The company was founded in New York more than 100 years ago and pioneered the use of film in cameras.
Eastman Kodak Co. filed for bankruptcy protection in January year, pushed out of business by the emergence of digital photography which killed mass demand for film.
Since then, the BBC reports the company has sold a number of its business and patents. It now plans to specialise in printing.
US bankruptcy judge Allan Gropper has agreed to the company's plans, meaning it should resume trading in about two weeks.
Lawyer Andrew Dietderich, told the court the company bore little resemblance to its former self:
"Kodak is a different company that the one in the popular imagination and very different from the one that filed for bankruptcy,'' he said.
