Sears Holdings: Status conference set for Chapter 11 case on Tuesday

By Caroline Salls

Pittsburgh, Jan. 7 – A status conference will be held for Sears Holdings Corp.’s Chapter 11 bankruptcy case on Jan. 8, according to a notice filed Friday with the U.S. Bankruptcy Court for the Southern District of New York.

The notice did not specify what will be discussed at the status conference.

Late last month, Sears said it would close an additional 80 Sears and Kmart stores in March “as part of Sears Holdings’ processes to accelerate its strategic transformation and facilitate its financial restructuring.”

According to an 8-K filed Dec. 6 with the Securities and Exchange Commission, funds affiliated with ESL Investments, Inc. submitted a $4.6 billion “indicative bid” for substantially all of Sears Holdings Corp.’s go-forward retail footprint and other assets and component businesses.

Sears is a retailer based in Hoffman Estates, Ill. The company filed bankruptcy on Oct. 15, 2018 under Chapter 11 case number 18-23538.

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