By  on October 12, 2018

The tailspin at Sears Holdings Corp. is getting more dire by the day as talks begin to surface of lenders pushing for a Chapter 7 liquidation.

One executive at a liquidation firm summed up the crisis as follows: “This isn’t just a Chapter 11 bankruptcy with hopes of a reorganization. Whenever there’s talk about a Chapter 7 filing, that is very drastic. It means [the lenders] want to throw out management.”

To continue reading this article...

To Read the Full Article

Tap into our Global Network

Of Industry Leaders and Designers

load comments
blog comments powered by Disqus