Sears has already secured bankruptcy financing. The lights will stay on , you still get your paycheck.
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"Secured bankruptcy financing..." means that Eddie and Leena have laid in supplies of live chickens, sides of pork bellies, dried pinto beans, and SYW Rewards points with which to pay staff and management. Because they have no financial liquidity you will be paid in pantry staples and you will be grateful for that. And don't forget to WOW our members while they shop their way! Enjoy!
Damn you guys are r----ds. When a company fIles for bk they are out of money. Therefore there are banks that offer bk financing to give the company the funds it needs to liquidate the company. They are generally 1st in line to be paid from the proceeds from liquidation. Sears has already struck a deal with a bank for when they file bk... think about it. Radio shack, toys r us, Montgomery wards sears Canada all went bk and the employees were all paid.
b---s---!
"Damn you guys are r----ds. When a company fIles ...... and the employees were all paid."
Hi Eddie!
Damn you guys are r----ds. When a company fIles for bk they are out of money. Therefore there are banks that offer bk financing to give the company the funds it needs to liquidate the company. They are generally 1st in line to be paid from the proceeds from liquidation. Sears has already struck a deal with a bank for when they file bk... think about it. Radio shack, toys r us, Montgomery wards sears Canada all went bk and the employees were all paid.
And what exactly is "secured bankruptcy financing" supposed to mean?
Probably some term Eddie came up with.
Ummmm.....
What exactly do you secure the bankruptcy financing with?
Secured bankruptcy financing...
That's a good one.
And what exactly is "secured bankruptcy financing" supposed to mean?
Signed,
some manager trying to convince his employees not to walk...