Kodak expects the motion to approve bidding procedures to be heard by the court on July 2, the auction to be held in early August, and the winning bidders to be announced by Aug. 13. The proposed deadline for submitting preliminary bid documents is July 16.

The sellers propose to sell all or any portion of the digital imaging patents to successful bidders free and clear of all claims and interests, to maximize their value. Holders of claims and interests, if any, will be sufficiently protected by the availability of the proceeds of the sale, Kodak said in its filing.