Will it be today or will it be dragged out until the 15? I want to laugh in my lying manager's face who says everything is just fine.
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I had a pig.....
His name was Sam....
Sunday he was bacon.....
Monday he was ham....
SHLD is toast Wednesday a bacon & ham sammich
@pti I know that Sears Holdings hasn't filed a chapter 11 yet, but I really think that given the state of the company, that it'll wind up filling a chapter 7 instead of doing a chapter 11 and then converting it to a chapter 7 like TRU did.
Same Executive winding down sears potential is the same executive from Toys R Us.
Very relevant to compare the two.
"Toys Rus filed March and closed June."
TRU filed Chapter 11 reorganization in Sep 2017. Then in Mar 2018, they decided that it was time to throw in the towel and filed for Chapter 7 liquidation. Sears hasn't done Chapter 11 yet.
https://www.toysrusinc.com/press/toysrus-inc-commences-court-supervised-processes-to-implement-financial-restructuring
https://www.toysrusinc.com/press/toysrus-to-wind-down-us-business
It will never be just turn off the lights and unplug everything. The company will continue to function even with BK just based on size alone. It will be a wind down. MONTHS after it files. Even though some areas may continue functioning for a long time after. SHIP, Home Services, etc...
Stop with the b---s--- already.
The timeline comparisons with toys are us dont apply for a number of reasons, but mainly because sears has MASSIVE debt toys r is never had. Sorry but it can't and won't drag out for months. Frankly you sound like a desperate manager spewing more b---s---.
For perspective, Toys Rus filed March and closed June. A way less complicated and smaller business. If Everything were to close with Sears with no attempt to try and keep operating some good parts it would take 3 - 6 months.
Most likely 6-18 months complete wind down and final asset strip/rebrand. (Depending on the division)
It will never be just turn off the lights and unplug everything. The company will continue to function even with BK just based on size alone. It will be a wind down. MONTHS after it files. Even though some areas may continue functioning for a long time after. SHIP, Home Services, etc...