“ The Debtors have commenced formulation of a chapter 11 plan and are evaluating the contours of a potential plan including the Debtors’ significant tax attributes “
If so, I think this confirms that the Tax Attributes will remain with the Debtors/Sears Holdings and not be transferred to Holdco.
And thus a Plan of Reorganization and not a 100% Liquidation Plan will be in order I think. Surely the Unsecured Creditors could not be opposed to Sears retaining 1 or 2 Businesses/Stores to emerge from Bankruptcy with?
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