Unsecured creditors are still in front of shareholders. You are suggesting that people that did work for Sears or sold them merchandise should get screwed over so that penny stock gamblers get a pay day. Name a case that is like this one? Pretty much every bankruptcy in history. Sears has been bleeding cash for a decade and most of its failures have been self inflicted by Fast Eddie. Another thing. Did you actually read the filings? This is an asset sale. That means Eddie buys the assets and owns them all by himself. Guess who doesn't have a chair when the music stops?
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