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Sears Wins Approval Of Ch. 11 Plan, But Exit Isn't Imminent

By Rick Archer (October 15, 2019, 4:35 PM EDT) -- A New York federal judge on Tuesday confirmed Sears' Chapter 11 plan that sets aside $3 million for retirees and will allow post-bankruptcy vendors to receive 75 cents on the dollar, while keeping the case open until the retailer can recoup some of the expenses it has racked up in bankruptcy....

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