I agree with magomago. Not a big fan of the post noise reduction photo.
Also, fuzzybabybunny did a great job on removing the folds but I'd still use a little burn and dodge in Photoshop to even out where the light and dark patches on the photo are. Granted if you're really looking close enough to discern the light and dark patches running along the photo you'll also notice a bit of artifacts left over from the fixes fuzzy put in.
Either way, the after photo is much much better looking. Good thing none of the creases were on a face. I had to fix an old black and white photo of my grandfather that was badly damaged. Part of the damage was a section of the face where a crease caused a piece of the photo to flake off. Any abnormality is easily noticed compared to just fixing backgrounds and stuff.
This reminds me I need to start scanning all of my old photos. Some of the pictures I have are missing the original negatives so if I lose them then they're gone.