Sears files for Chapter 11 bankruptcy protection
By Ken MartinPublished October 15, 2018MarketsFOXBusiness
https://www.foxbusiness.com/markets/sears-files-for-chapter-11-bankruptcy-protection
Sears Holdings made it official early Monday morning, announcing the retailer has filed for Chapter 11 bankruptcy protection.
Banks have agreed to provide Sears with a bankruptcy loan.
According to a court filing, Sears Holdings lists assets of $1 billion to $11 billion and liabilities of $10 billion to $50 billion.
Sears had a debt payment of $134 million due on Monday.
This is a developing story, check back for more.
By Ken MartinPublished October 15, 2018MarketsFOXBusiness
https://www.foxbusiness.com/markets/sears-files-for-chapter-11-bankruptcy-protection
Sears Holdings made it official early Monday morning, announcing the retailer has filed for Chapter 11 bankruptcy protection.
Banks have agreed to provide Sears with a bankruptcy loan.
According to a court filing, Sears Holdings lists assets of $1 billion to $11 billion and liabilities of $10 billion to $50 billion.
Sears had a debt payment of $134 million due on Monday.
This is a developing story, check back for more.