Thread regarding Sears layoffs

If sears/Kmart files bk 10/12/18

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?

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| 932 views | | 1 reply (October 11, 2018) | Reply
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It depends on how they end up filing. If they manage to do 11, if they get DIP financing, through a bank or Eddie, then the doors stay open. If they are forced into 7, then it's probable the doors will stay open initially while they bring in liquidators. But it will be a chaotic nightmare.

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