No BK for SHLD. If BK, CEO being major shareholder would have to cut a deal with himself in BK court. If CEO is like most people, cutting himself a deal is going to be a heck of a deal. SHLD would have to be giving customers money to shop at Sears and Kmart to go BK. And, trust me. These would be some long lines handing out cash to customers.
*Disclosure: My posts are solely for entertainment purposes; mainly my own. Do not take my posts as a recommendation or solicitation to trade any securities. Do your own Due Diligence (DD).