Sears Getting Ready To File For Bankruptcy, $134 Million in Debt Due

By  //  October 10, 2018

Share on Facebook Share on Twitter Share on LinkedIn Share on Delicious Digg This Stumble This

annual sales have dropped nearly 60 percent since 2011

ABOVE VIDEO: Sears reportedly on verge of bankruptcy.

(FOX BUSINESS) – Sears Holdings is getting things in order for a bankruptcy filing that could come sometime this week.

The retailer has reportedly hired M-III Partners to make the preparations for the filing, people familiar with the situation tell Dow Jones Newswires.

A debt payment deadline may be the final straw.

Sears has $134 million in debt due on Monday.

CLICK HERE TO READ FULL ARTICLE ON FOX BUSINESS

CLICK HERE FOR BREVARD COUNTY NEWS


Click here to contribute your news or announcements Free