Bankruptcy Law News

Sears Holdings Files Amended Plan of Liquidation

July 3, 2019, 11:03 AM

On June 28, the Sears Holdings debtors filed a further amended plan of liquidation and disclosure statement.

  • Debtors intend to proceed to commence mailing of solicitation materials with hearing scheduled for Aug. 16
  • Amended plan incorporates agreements which are part of settlement with Unsecured Creditors’ Committee including composition of Liquidating Trust Board, Creditors’ Committee having consultation rights with regard to any settlement of disputes regarding asset purchase agreement

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