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Big Law

Sears Bankruptcy Is In Chaos

The Ch. 11 bankruptcy of Sears Holdings Corp. has become even more confusing and chaotic. A reorganization plan is supposed to be filed by the end of the day April 15, but not even their largest creditor, Eddie Lampert, has seen a draft of the plan yet. The company still has not filed their February monthly operating report. Massive professional fee payment requests are being filed with the uncertainty if there is even enough cash to pay them or future fees.

Read the source article at Stock Market Insights

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