Please ensure Javascript is enabled for purposes of website accessibility
Home / News / Sears files for Chapter 11 amid plunging sales, massive debt

Sears files for Chapter 11 amid plunging sales, massive debt

NEW YORK (AP) — Sears filed for Chapter 11 bankruptcy protection Monday, buckling under its massive debt load and staggering losses. The question now is whether a smaller version of the company that once dominated the American retail landscape can remain viable or whether the iconic brand will be forced out of business. Sears, which started as ...