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Author Topic: Poor Sears filing for bankruptcy....  (Read 1431 times)

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Offline DuMa

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Poor Sears filing for bankruptcy....
« on: October 16, 2018, 11:48:58 AM »
I grew up with this chain.  I remembered going to the mall but at the time for us new refugees, we calling it Sears.  The word sears to us was the mall cuz it seems like every mall has a Sears.

Now she's dying.  Blame on who?  Well the world is changing so out with the old and in with the new. 




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Offline hmgROCK

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Re: Poor Sears filing for bankruptcy....
« Reply #1 on: October 16, 2018, 12:16:40 PM »
your finance guy here....
allow me to explain

SEARS file for chapter 11 bankruptcy to reorganized and pay off its debt and etc...
they are still in business and isn't out of the game yet
they will be shutting down a few more stores and etc....while they get their head out of their butt

chapter 7, that when everything gets sold and business is dead





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Offline hmgROCK

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Re: Poor Sears filing for bankruptcy....
« Reply #2 on: October 16, 2018, 12:29:42 PM »
depending on what happen and how the bankruptcy is structure
a lot of stuff/debts/ etc....  gets wipe out
your common stocks, is probably going be useless
they might still pay some of the loans

i wrote a bankruptcy thread about a brother "starting new" again
having most of his debt wipe out
worth a read, if you struggle in huge debt



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Offline hmgROCK

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Re: Poor Sears filing for bankruptcy....
« Reply #3 on: October 16, 2018, 12:32:20 PM »
don't worry
the boss who owe this companies is super rich

he just going stop paying people (bankruptcy)
than reemerge

TRUMP DID THIS LIKE 7X TIMES
you still get to keep your money
that why trump is still a billionaire

and that's how the rich gets richer


« Last Edit: October 16, 2018, 12:34:45 PM by hmgROCK »

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Offline Reporter

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Re: Poor Sears filing for bankruptcy....
« Reply #4 on: October 16, 2018, 12:52:21 PM »
OWNER, eh? One guy owns both Sears and Kmart. I didn't know that. I had always thought they had different owners and were different chains.
-------------------------------------------------------------------------------------------------------------------------------------------------------------------
NEW YORK (AP) — Sears, once the nation’s largest retailer, filed for Chapter 11 bankruptcy protection Monday, hurt by falling sales and its massive debt. The owner of Sears and Kmart stores says it will continue to operate through the bankruptcy.



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Offline hmgROCK

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Re: Poor Sears filing for bankruptcy....
« Reply #5 on: October 16, 2018, 12:54:14 PM »
OWNER, eh? One guy owns both Sears and Kmart. I didn't know that. I had always thought they were had different owners and were different chains.
-------------------------------------------------------------------------------------------------------------------------------------------------------------------
NEW YORK (AP) — Sears, once the nation’s largest retailer, filed for Chapter 11 bankruptcy protection Monday, hurt by falling sales and its massive debt. The owner of Sears and Kmart stores says it will continue to operate through the bankruptcy.


dude is rich
he just be like trump

this is to protect him from loss
he will still be a billionaire
kinda like TRUMP AND HIS 7X BANKRUPTCY

read my above post about  how i explain different type of bankruptyc



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Offline Reporter

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Re: Poor Sears filing for bankruptcy....
« Reply #6 on: October 16, 2018, 12:56:29 PM »
What's his name? And,  so, he has no child support to worry about, eh?

dude is rich
he just be like trump

this is to protect him from loss
he will still be a billionaire
kinda like TRUMP AND HIS 7X BANKRUPTCY

read my above post about  how i explain different type of bankruptyc



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The snooping eye sees everything."--Ono No Komachi, Japanese Poetess (emphasis)

Offline hmgROCK

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Re: Poor Sears filing for bankruptcy....
« Reply #7 on: October 16, 2018, 01:04:05 PM »
What's his name? And,  so, he has no child support to worry about, eh?

refer to my thread last week about how one of our brother got rid of tons of debt $$$$
by filing for bankruptcy
dude is starting out "fresh"  again owe pretty much nothing

when you owe alot of debt like this dude
and still want to be a billionaire
you take the easy way out

TRUMP DID THIS 7X TIMES

 O0 O0 O0 O0 O0



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Offline Reporter

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Re: Poor Sears filing for bankruptcy....
« Reply #8 on: October 16, 2018, 01:29:31 PM »
Bankruptcy gives people a fresh start in life, a second or 8th chance to start over.

refer to my thread last week about how one of our brother got rid of tons of debt $$$$
by filing for bankruptcy
dude is starting out "fresh"  again owe pretty much nothing

when you owe alot of debt like this dude
and still want to be a billionaire
you take the easy way out

TRUMP DID THIS 7X TIMES

 O0 O0 O0 O0 O0



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"...
The snooping eye sees everything."--Ono No Komachi, Japanese Poetess (emphasis)

 

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