Sears Holdings Corporation

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Case overview

Case Number:

7:18-bk-23538

Court:

New York Southern

Nature of Suit:

Firms

Companies

Government Agencies

Sectors & Industries:

  1. December 07, 2018

    US Trustee Objects To Sears' $25M Exec Bonuses In Ch. 11

    The U.S. Trustee's Office on Friday asked a New York bankruptcy court to reject Sears Holding Corp.'s request to pay up to $25 million in bonuses to top executives, saying there is not enough information on the criteria for the bonuses.

  2. December 05, 2018

    US Trustee Faults Fee Info In Sears' Request For IP Law Firm

    The U.S. Trustee's Office has asked a New York bankruptcy court to reject Sears Holding Corp.'s request to retain boutique law firm McAndrews Held & Malloy Ltd. to handle intellectual property matters unless it gets more information on what the firm will be paid.

  3. November 27, 2018

    Sears Gets OK For $2B In DIP Financing

    A New York bankruptcy judge Tuesday gave Sears Holding Corp. permission to take out more than $2 billion in debtor-in-place financing after last-minute talks and bidding cleared up creditor objections to a portion of the financing agreement.

  4. November 19, 2018

    Sears Gets Go-Ahead For $90M Internal Debt Sale

    A New York bankruptcy court judge on Monday gave Sears permission to sell $900 million in internal debt after the retail giant and an objecting creditor said they had settled their differences about the proposal.

  5. November 16, 2018

    Sears Seeks OK To Spend Up To $25M To Retain Key Workers

    Sears is asking a New York bankruptcy court for permission to pay up to $25 million in executive incentive and retention bonuses, saying it needs to keep key employees focused on steering the company through its Chapter 11.

  6. November 15, 2018

    Sears Gets Court Approval For Store Auction Rules

    A New York bankruptcy judge Thursday approved Sears' proposed procedures for auctioning off the majority of its stores, but put off a decision on the retail chain's plan to sell $900 million in intercompany debt until next week.

  7. November 14, 2018

    Sears Battles Creditors Urging Total Liquidation

    Sears Holdings Corp. is firing back at its unsecured creditors' objections to its bidding procedures proposal, telling a New York bankruptcy court that the committee is making "uninformed" suggestions that could cost the estate billions.