The corporate husk of the old Sears is still trying, and struggling, to pay its bills in Chapter 11, more than two years after Eddie Lampert acquired the remaining Sears and Kmart stores from the company he used to run.
According to a court presentation by Sears Holdings, the company only has $18.3 million in cash as of April 10 to pay more than $97 million in remaining administrative claims and taxes, along with millions of dollars in other liabilities.
All told, Sears Holdings is short $80.8 million on its obligations, which includes professional fees, vendor payments and other claims.