Bankruptcy: It's most likely going to be a Chapter 11.

I don't think it will go as far as a Chapter 7, at least not yet. They may convert from 11 to 7 at some point in the process, but that's if the court determines that their ability to sustain itself as a going concern is challenged.

It's most likely going to be a Chapter 11. The only time the topic of Chapter 7 came up was when BoA, JPMorganChase and Citigroup mentioned to the media that they are pushing for Chapter 7 as they want to recover their debts expediently. Under Chapter 11, it's a slower process. I'm not excusing Sears or Eddie Lampert by any means but banks are greedy. They don't care if a business lives or dies, they just want their money and fast.

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A plan needed to be presented to the Judge that this company can be transformed into an ongoing profitable company. Think General Motors. How are a handful of Kmarts compete with Walmart or Target? As for Sears, the baby boom years are long gone. You will see a liquidation ASAP.

Wow @ rxz- ch11 is reorganization and ch7 is total liquidation or have you not been introduced to Google or the rest of the internet?

Are you id--ts??? Chapter 7 is for personal bankruptcy and Chapter 11 is for businesses.

Don't forget, Eddie, through ESL is the single largest creditor, and CEO of SHLD. He has push from both sides.

Eddie is a f---ing moran and coward. He will go down as one of the biggest failures in the history of retail. I hav Ron idea how he can live with himself.

Eddies 7 billion of stock is now worth 16 million dollars . His share of the loss is 3 million a day. The longer it stays open the more he loses. see the math? Buffets 2 billion dollar loans to SRG REIT allows the REIT to continue will all stores closed and not paying rent

The banks want 7 , they will get 7. Eddie is playing a game of chicken and the PBGC doesn't give a flying fudaguck as to who he is

Eddie is playing with fire......fake news abound.... targeted leaks to the fake news media can mean only one thing..... da da daaahhh Eddie will pay the 134 million due to Bruce and continue to protect his multi billion dollar investment with Sears’s holding. Give me a hell yea if you think that Eddie would literally lose control of the company he owns the majority of the stock in, the majority of the debt in, sits as the chairman of the board, and is the current ceo. Come on folks fast Eddie is pressuring the board, pbgc, and in particular Bruce to take a huge haircut on the debt owed or else face a messy liquidation. Put his bootie in jail and throw away the key.

nope- 7...creditors will give no more money-they want out while there is assets to get their shares of.Eddie has closed the chseckbook since he sees the writing...chains and locks on the doors people-dont believe the restructure talk

creditors want bk--will be 7

At least 200 stores will close down as a result of Chapter 11 BK, maybe a whole division could shut down. This move may keep the company afloat til the end of December then it’s likely over after that. But with how bad it is, he may have no choice but to go with a total liquidation. Hoping for the best.

no one is stepping forward with financing after BK per what I have seen; so far.Banks want liquidation to maximize recovery

It really depends if their is enough assets. My biggest question is say we do go Chapter 11 what exactly happens? Do they basically close a bunch of stores and lots of firings happen? Either way I don't think Chapter 11 will really help vendors will be scared to sell to Sears and they will want $$$ upfront along with customers they will also be afraid to buy at Sears.

Thread regarding Sears layoffs

Bankruptcy: It's most likely going to be a Chapter 11.

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