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updated 1:28 PM UTC, Jan 22, 2019

Sears Bankruptcy Hearing This Morning

  • Written by Wheeler
  • Published in News

The future of bankrupt retail giant Sears could be revealed this morning. 

The company missed a Friday deadline to report if it was still considering an offer by former CEO Eddie Lampert to fund a four-point-four billion dollar deal to keep 425 stores open.  Creditors have concerns about the proposed financing for the deal and want it examined.  A federal judge will hear updates this morning ahead of a bankruptcy auction scheduled for January 14th.

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