Sears Heading Towards Possible Ch. 11 Bankuraptcy

https://www.bloomberg.com/news/articles/2018-10-15/sears-said-to-be-filing-for-bankruptcy-protection-monday-morning

https://www.foxbusiness.com/markets/sears-ceo-steps-in-for-bankruptcy-financing-report

https://www.reuters.com/article/us-sears-bankruptcy-lampert-exclusive/exclusive-sears-ceo-steps-in-for-bankruptcy-financing-sources-idUSKCN1MP04L

Recent stories make it seem fast Eddie is going to step in and bail them out AGAIN. I'm not sure why he bothers, guess so he can grab a few more things (most likely Kenmore) before it goes belly up. This of course is only going to delay the death of Sears, not save it. We saw what happened with Sears Canada when it when into Chapter 11 and it didn't have nearly the debt that Sears Holdings have.

Comment! It's anonymous!

3 replies (most recent on top)

What do you mean bankrupt? Eddie said they had so many assets and that the real estate was worth billions. How could this be happening, he wouldn’t.....wouldn’t lie to us! He’s a brilliant man who’s smarter than everyone on the planet! This just can’t be happening. {Note to the humorless, this is sarcasm}

@VEmdQYX-bsf That's what I say but I guess they don't want it to die. Or I guess it will die since if there is a Chap. 11 it puts a time limit on the company.

LET IT DIE

Thread regarding Sears layoffs

Sears Heading Towards Possible Ch. 11 Bankuraptcy

3 replies (most recent on top)

Post a reply