After paying over $200 million in fees to restructuring experts, Sears doesn’t have much left to settle accounts with suppliers and employees
The law requires bankruptcy lawyers to be paid in full, leaving Sears with little to pay suppliers and employee severance
Sears was once America’s biggest retailer. Now, it’s recently come out of bankruptcy and is struggling to survive. Here, two former employees and one “Sears super shopper” explain some of the company’s missteps. Photo: Pacific Sky/Ben Kolak/Carlos Waters
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