Replies to post #33008 on Sears Holdings Corp. (fka SHLDQ)

[chemist72]

Never mind. I got it. #2937

[chemist72]

FTI is the financial advisor to the Official Committee of Unsecured Creditors of Sears Holdings Corporation. Fact 1

The bill presented is for $400K in fees and expenses. Fact 2

Now, a couple questions:

1) Aren't the unsecured creditors near the bottom of the list of persons asking for money from old Sears?

2) If so, wouldn't they be expecting at least some monies from old Sears? Otherwise why would they be paying financial advisors (and I assume lawyers as well) significant amounts of money for their efforts?

3) Lastly, does anyone really know how much money might be "squeezed" out old Sears' remaining assets? I know there was a figure given in the last monthly financial report to the court. But is that a figure that creditors (both secured and unsecured) can rely on?

Comment: It will be interesting to see the numbers in the next monthly financial report (should come out in April) and compare it with this first monthly report (from Jan. 6 to Feb. 2).

[Pigskin]

Great find from the billing descriptions! G-reorganization is a great outcome for SHLDQ.

Thanks for the value added post.