I don't think it will go as far as a Chapter 7, at least not yet. They may convert from 11 to 7 at some point in the process, but that's if the court determines that their ability to sustain itself as a going concern is challenged. It's most likely... — read more 

Any other Kmart stores dealing with leasing fraudsters? For the last couple months, we have groups of people coming in and max-ing out their lease amounts. They turn around and sell the items on Facebook marketplace and default on the lease. I guess... — read more 

https://markets.businessinsider.com/news/stocks/sears-comms-exec-left-before-bankruptcy-reports-2018-10-1027606142

Stores just got a email stating that DC trucks will be delayed until things work out. AKA the trucking companies wont deliver until they are paid.

You will feel better and enhance your prospects of fining work while still employed

Eddie is in control of the press, the commentary, the leaks, all of it. he is looking for the vultures to come out of the woodwork so he can get his way with the board. Everything else is noise. Eddie is famous for creating false names etc... — read more 

There is a thread on the optometrist facebook group that the Sears optical eye doctors, have not been paid by Sears for the credit cards they processed through the Sears register. Sears is saying its a computer glitch. I can tell you in 20 years they... — read more 

And say it’s 11:59 pm 10/11/18 Once it strikes midnite and we are officially in liquidation ch 7 mode will we get paid 10/12/18? Will the doors stay open like a regular store closing which takes about 2 months? Really hope management has a morning... — read more 

Management was told to act like nothing is happening in order to prevent panic/walk-outs/mass theft. If you still work there, GET OUT NOW. You WILL NOT get any severance, and may not even get paid. The company WILL NOT be here until Christmas. Don't... — read more 

Corporate just informed stores to remove ALL Third Party Gift Cards from floor immediately.

Thoughts?

No new freight for x-mas , carriers refusing to pick up trailers , no mattresses , and Eddie wont pull out check book ! Getting from bad to worse as the day goes on , need my paycheck ! Any severance for the poor working person that stuck it out... — read more 

This was posted 11 months ago, the "anonymous" was off about 6 month about the filling date, but otherwise spot on: Chapter 13 is almost always for individuals only, not businesses. In chapter 7 you just liquidate and walk away. Chapter 11 is a... — read more 

Did some research, here you can find more info about what happens when company files chapter 7 and what happens to employees and employees' pay:... — read more 

This is very sad indeed - people posting in humor and in anger at each other. But the truth is that SHC will be going Bankrupt in the next day or so.....either Ch.11 or more likely Ch.7. Payroll will not be met, vendors will not be paid....and so on... — read more 

SHLD closed at 0.3421per share. In other words, two shares of SHLD will buy you one Forever stamp and you would get some change back. LOL

Any mention of the impending doom on Pebble? That's actually the one thing I wish I could have at my new company that Sears had. Pebble really is a great communication tool.

What affect on vendors , transportation carriers and third party business is this going to have with all the media ?

Will the doors just get locked or us there a 2 month period to shut down like when the close non profitable store? Will management be calling us if we’re not to come to work?

I would like to know what's going to happen to the in-home service area a n e factory service and everybody else who has a hand in the cookie jar like Sears.so I would like to know what happens to Sears subsadairey if it files bankruptcy

As of 2:20pm EDT on Thursday, October 11, 2018, the SHLD stock is at $0.39 with a market cap of 42.53M and will now have to increase 156.41% just to get back to the NASDAQ $1 minimum price requirement!!

When bk chapter 7 is filed, we probably will not get paid. I would suggest not working, until their is an official announcement. Otherwise, you will be working for free.

Will employee pensions be paid if Sears goes into Chapter 7 bankruptcy. There are over 100k Sears retirees. Just wondering

Members mattress orders not being filled by vendors. Big holiday weekend commissions getting canceled. Don't get it. These are paid for by members. My guess is Sears collects payments but doesn't pay vendors share.

Greed for lack of a better word, is good. Gordon Gecko Break up the pieces, sell them to yourself at a discount, then leave the sc-aps for the buzzards.

Sears Holdings Corp Chief Executive Officer Eddie Lampert is exploring a bid for some of the cash-strapped U.S. retailer's businesses and real estate once it files for bankruptcy as an alternative to a traditional court-supervised reorganization... — read more 

https://www.investing.com/news/stock-market-news/exclusive-lampert-explores-bid-for-sears-assets-in-bankruptcy--sources-1640891. Bankrupt the company and by the assets yourself? Scumbag.

Shout, shout, let it all out. These are the things I can do without come on. I'm talking to you, come on.

What happens to Innovel Solutions if chapter 7 BK is filed ?

What were your morning meetings / member rallies like today with the news of the impending bankruptcy?

Or watch via face time?

A group of lenders, including Bank of America Corp., Wells Fargo & Co. and Citigroup Inc., are pushing for the company to liquidate its assets under a chapter 7 bankruptcy filing, as opposed to reorganizing the business under chapter 11, this person... — read more 

In all seriousness, in layman's terms, what is chapter 7? Does it mean all stores will close?

Will warranties and protection agreements me null and void under bankruptcy?

https://www.google.com/amp/s/www.wsj.com/amp/articles/big-lenders-make-push-to-liquidate-sears-1539257424 Claim chapter 11 still leaves too much risk and total liquidation is best path forward.

I have scrips filled at kmart regularly (Bridgeview IL) , I know and like the pharmacists there, I have been with them for years. I also like the $5 reward they give out for multiple scrips. I guess that SHC will sell the pr-scrip-ion information to... — read more