The Plan hearings have been going on since Thursday. Check PrimeClerk.
Just a hunch. This only matters to debtors in BK court. Including some ex-employees that filed against him.
Tiers 1-3 will get most money back. Tiers 4-6 maybe 30 percent.
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Not happening. Some will get paid. Only the First in line.
This is great news! Nobody believed me. Now I can watch the rest of this show just go away! Lol
It will not happen the company will remain I have been saying this since day one no one sees things clearly. You need to see beyond the talk.
This has nothing really to do with layoffs so is kind of irrelevant here....
Old Sears is administratively insolvent, having wasted all of its money and resources on legal fees.
The majority of creditors and employees are screwed. Don’t be surprised if the bankruptcy is converted to a 7.