Sears Creditors Still Owed $58M in Retailer's Bankruptcy -- Market Talk
Sears Creditors Still Owed $58M in Retailer's Bankruptcy -- Market Talk
1357 ET - Top ranking creditors of Sears Holding, including vendors who kept the retailer's shelves stocked during its bankruptcy, are owed $58M, according to a court filing last week. The shortfall is expected to come from proceeds from litigation. Sears' 2019 bankruptcy case remains open, even though its remaining stores were sold out of bankruptcy to ESL Investments Inc., Eddie Lampert's hedge fund or shuttered more than two years ago because the estate lacked the funds to pay off senior creditors. Lawyers and advisors have racked up over $42M in fees in the two years since Jude Robert Drain, who presided over Sears' bankruptcy, approved the retailer's restructuring plan, according to the court filing from last week. "Any creditor is free to settle...I don't see a need for a dramatic change in the path the debtors are on at this point," Judge Drain said at a court hearing on the estate's unpaid bills on Tuesday. (soma.biswas@wsj.com)
1357年ET-根據上週的一份法庭文件，西爾斯控股(Sears Holding)的頂級債權人，包括在破產期間保持該零售商貨架庫存的供應商，被拖欠5800萬美元。預計缺口將來自訴訟收益。西爾斯2019年的破產案件仍在審理中，儘管其剩餘的門店已破產出售給埃迪·蘭伯特(Eddie Lampert)的對衝基金ESL Investments Inc.，或者在兩年多前關閉，原因是該公司缺乏資金償還優先債權人。根據上週提交的法庭文件，自主持西爾斯破產的裘德·羅伯特·德雷恩(Jude Robert Drain)批准該零售商的重組計劃以來，律師和顧問在兩年內已累計收取超過4200萬美元的費用。週二，德雷恩法官在一場關於遺產未付賬單的法庭聽證會上表示：“任何債權人都可以自由和解……我認為目前債務人所走的道路沒有必要發生戲劇性的變化。”(Soma.Biswas@wsj.com)
譯文內容由第三人軟體翻譯。