Sears Court Hearing On Plan To Sell Assets Monday


Sears should know its fate within the next few days.

The retailer, which once was the largest in the US, has a bankruptcy hearing start Monday.

Under consideration, a plan to sell all of Sears’ assets, including more than 400-stores, to its chairman Eddie Lampert.

That is the only way for the 133-year-old company to stay afloat and save about 45,000 jobs.

However, not everyone supports the idea.

Some creditors say sears should be closed and liquidated.

The judge says the hearing will likely last a few days and a ruling could come from his bench.

Even if the plan is approved, Sears still faces an uphill battle.

Other big chains, like Radioshack and Gymboree, shut down for good after second bankruptcies.

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