Replies to post #17475 on Sears Holdings Corp. (fka SHLDQ)

[justthefactsmam]

The request for extending the Exclusive Periods is not a negotiation tactic, but rather reflects that these cases are not yet sufficiently mature for the formulation, filing, and prosecution of a feasible and,
hopefully, consensual chapter 11 plan.

[linda1]

Is the following quote from a filing today?

“ 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?