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Sears bankruptcy hearing underway

Posted at 5:54 AM, Feb 05, 2019

Sears should know its fate within the next few days.

The retailer, which was once the largest in the United States, started its bankruptcy hearing Monday.

The plan under consideration would have Sears sell all of it assets, including more than 400 stores, to Chairman Eddie Lampert.

Some creditors are against it. They want the company closed and liquidated.

The judge says the hearing will last a few days.