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Bankruptcy Litigation

Take-Aways from the Sears Sale Process

As widely reported, the downfall of Sears was a slow-motion train wreck. Despite its unique size and complexity, however, some of the strategies and techniques used by the stakeholders in Sears can be applied in cases of any size.

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As widely reported, the downfall of Sears was a slow-motion train wreck. The company had lost $10 billion since 2012 and closed 700 stores in the last two years. The Sears Chapter 11 sales process involved a complicated auction structure designed to sell several different types of assets including stand-alone businesses, and real estate. Despite its unique size and complexity, however, some of the strategies and techniques used by the stakeholders in Sears can be applied in cases of any size.

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