i understand that esl is not emerging from bk. esl was never in bk. transform holdco is not in bk. once the actual closing of the sale takes place, transform holdco can go about the business of running the "go-forward" stores it purchased from sears while shc is still in bk.
there is no evidence that shldq is emerging from bk. however, so long as you equate shldq with sears holdings, then if/when things get resolved in bk court, shldq would be the entity which would emerge.
if shldq has its bk case dismissed, that is not the same as emerging from bk. that would be equated with jumping out of the frying pan into the fire.
shc, shldq, and the rest of the debtors who are currently in bk, HAVE NOTHING TO DO WITH ESL.
neither, esl, eddie, or transform holdco will be the ones working to get shldq out of bk.
