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As Sears prepares to closed its doors after more than 120 years in business, who are the main players pulling the strings of its bankruptcy case?
October 16, 2018 at 09:33 AM
1 minute read
The original version of this story was published on Dailybusinessreview/dailybusinessreview
When Sears, Roebuck & Co., based in Illinois and established in 1893, filed for bankruptcy in New York Monday, it set in motion a chain of lawyers, litigation and paperwork.
Sears’ debt had been escalating for years, but the nail in its coffin was an impossible $134 million payment due on Oct. 15.
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