Or perhaps a new, yet unnamed, Eddie-owned company will be formed to protect the other Eddie-owned companies. Then you will be liquidated by that new company. Or, for giggles and grins, that new company will form another new, Eddie-owned company just for liquidating. That is how LLCs work. They all are fence-protected from each other. Hence the term Limited Liability. Except that the employees are all full liability as they are sent out the door.
Signed, a Full Liability Employee.
Instead of being liquidated by Sears, an Eddie owned company, you'll get to be liquidated by ESL, an Eddie owned company, or Seritage, another Eddie owned company.
Thanks, but what if you are leased? Then they bring in a different company to take the place?
I wanted to ask the same thing. Though from skimming through the docket I think two things will happen.
You will get someone to buy your store but have no interest in keeping it as a Sears/Kmart and will change it into something else (another store/parking lot/apartment buildings).
If no one wants to buy your location Eddie and his company will swallow you up and again, will just liquidate your store and keep the propriety for themselves.
Either way, you are pretty much screwed out of work after all is said and done.
Don't be such be D BAG!
It means your store is for sale
Interpretative reading 101
Well, just spitballing here, but my guess is you are unemployed.