Sears Survives A Near-Death Experience, But For How Long?Many of Sears' unsecured creditors, who rank at the bottom of the list to be paid and include merchandise suppliers and landlords, had pressed for liquidation, contending the business was worth more dead than alive. They also questioned the propriety of certain deals Lampert has done while at Sears.
Sears Lives To See Another Day As Its CEO Tries To Buy The RetailerMany employees and customers are in shock. Many thought liquidation was inevitable. But now the 126-year-old company may have one lifeline left.
Toys 'R' Us Could Start Liquidation Sales SoonToys R Us could begin liquidation sales at its stores on Friday.
More Than 100 Potential Buyers Interested In Hostess Brand, Bankrupt Bakery SaysThe update on the sale process came as Hostess also received approval to give its top executives bonuses totaling up to $1.8 million for meeting certain budget goals to bring down costs during the liquidation.
Hostess Says Talks To Stave Off Shutdown FailHostess Brands Inc. lived to die another day.
New Hope For Hostess In Bankruptcy CourtHostess Brands Inc. and its second largest union will go into mediation to try and resolve their differences, meaning the company won't go out of business just yet. The news came Monday after Hostess moved to liquidate and sell off its assets in bankruptcy court citing a crippling strike last week.
Twinkies Could Disappear If Hostess Liquidates Amid Labor StrifeThe flagship Hostess product, the Twinkie, was invented by Schiller Park bakery manager James Dewar in 1930 under a precursor company, Continental Baking Co.
Big Discounts As Remaining Borders Bookstores Prepare To CloseBeginning Friday, everything at the remaining Borders bookstores is 40 percent off.
Borders Writes Its Own Ending With Liquidation PlanWith no viable bids to buy the troubled book retailer, Borders seeks court approval to liquidate its surviving 400 stores, bringing an end to a chain that until early this year had several stores in the Chicago area.