SHLDQ - Sears Holdings Might Remain In Ch.11 Bankruptcy For Years

Sears Holdings Corp. (OTCPK:OTCPK:SHLDQ) could remain in Ch.11 bankruptcy for years until the reorganization plan (docket 5293) becomes effective. The amended Ch.11 reorganization plan was confirmed by the bankruptcy judge (docket 5370) earlier this month after two days of hearings where Judge Drain actually walked out of the first day of the hearing in total disgust with certain lawyers objecting to the plan. SHLDQ shares could continue to trade until the plan is effective. There has been widespread incorrect and misleading information about this bankruptcy case by various media organizations and