Sears Getting Ready To File For Bankruptcy, $134 Million in Debt Due
By Ken Martin, Fox Business // October 10, 2018
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.
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