date:Nov 07, 2018
mpert and lenders on a deal to expand a bankruptcy financing package that would help it avoid liquidation, people familiar with the matter said. The negotiations come at a critical time for Sears, as it needs enough money to keep its shelves stocked during the holiday shopping season and retain enough support from creditors and vendors to emerge from bankruptcy proceedings. Sears filed for Chapter 11 bankruptcy on October 15 with a plan to close about 142 of its 700 stores by the end of the year