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24 June
Comments Off on Exactly How Sears Canada’s Insolvency Impacts Sears Holdings Corp …

Exactly How Sears Canada’s Insolvency Impacts Sears Holdings Corp …

Sears Canada fileddeclared personal bankruptcy under CCAA and is not presently intending to completely liquidate.A court-appointed screen will supervise Sears Canada, and not Eddie Lampert, who can obtain absolutely nothing for his 45%ownership of the company.The filing in Canada may signal a change in Lampert # 39; s opinion concerning an in-court restructuring of Sears Holdings.Vendors may currently be even much less most likely to handle Sears Holdings.

 
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