sears bankruptcy

What are some takeaways from Sears’ Chapter 11 filing for a small business owner?

On Monday, October 15th, Sears filed for Chapter 11 bankruptcy protection. Although the retail giant has been hemorrhaging for years, this will impact many businesses and over 100,000 creditors which Sears owes over $10 billion. Unsecured creditors will most likely receive pennies on the dollar or nothing at all. About 200 suppliers have stopped shipments within […]

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