Late last week I posted that with a looming $134 million debt payment due, it was likely that Sears would file for bankruptcy. Early Monday morning Sears did just that, filing for Chapter 11 bankruptcy, another bricks and mortar store that becomes victim of the retailer apocalypse.
For now, Sears plans to close 142 stores.
Sales for Sears has dropped $53 billion in 2006 to less than $17 billion last year.
Alexander Hernandez, Esq.
Westmoreland which has mines located in Montana, Wyoming, New Mexico, Ohio, North Dakota, Texas, and a coal-fired power plant in North Carolina, has filed for bankruptcy.
With a large upcoming debt payment due, Sears is close to filing for Chapter 11 bankruptcy.
A list of the stores closing so far due to Sears’ bankruptcy filing.
Mattress retailer filing for Chapter 11 bankruptcy, closing hundreds of stores before the holidays.
Alexander Hernandez represents clients in the areas of Chapter 7 Bankruptcy, Family Law/Divorce, and car and motorcycle accidents.
(904) 712-5565 or (305)-688-LAWS (5297).