The court did not order liquidation at this point. They will have another hearing the week before Christmas to see how things are going. This according to CNN's reporting about the 11/15 hearing.
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The group that just invested 350 million is a liquidation company , call them a bank or what ever they want to call themselves , they divide and sell . they have people that know how to try to get top dollar for the assets . if sears just goes into chapter 7 , assets sell for pennies on the dollar at auction . these people can and will get more for the banks , but the out come for the employees is the same , SEARS IS IN LIQUIDATION , DONE , OVER ,,
Court also approved selling of Home Improvement. Auction will be held if more bids are tendered.
*total court-ordered
I swear people on here are blind and dumber than dirt.
We are in liquidation now. This is more posturing. Get a f*cking clue for heaven's sake.