Sears Holdings Corp. (fka SHLDQ)

[bar1080]

SA: "Sears Holdings Might Remain In Ch.11 Bankruptcy For Years"

Oct. 28, 2019 9:03 AM ET|213 comments

"Summary

* Judge Drain signed the confirmation order for the Ch.11 reorganization plan.

* The effective date for the plan could be years from now because there currently is not enough cash to pay administrative bankruptcy claims.

* Proceeds from preference payment litigation and perhaps even litigation against Lampert are needed to administrative claims.

* Sears Holdings shareholders are not even listed as liquidating trust beneficiaries and will get nothing under the plan.

* Sears shares could continue to trade for years until the plan's effective date."

https://seekingalpha.com/article/4299541-sears-holdings-might-remain-ch-11-bankruptcy-years