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

By  //  October 10, 2018

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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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