In re: Sears Holdings Corporation, et al., Chapter 11 Bankruptcy Proceedings

Sears filed for Chapter 11 bankruptcy in October 2018 following a prolonged decline. In January 2019, ESL Investments won the auction to acquire Sears out of bankruptcy.

Akin Gump Strauss Hauer & Feld retained Analysis Group on behalf of the Official Committee of Unsecured Creditors of Sears Holdings Corporation to analyze the viability of ESL Investments’ business plan for a post-bankruptcy Sears. 

As part of the Sears Chapter 11 bankruptcy proceedings, our team, led by Managing Principal Michael Holland, supported Jan Kniffen, a retail industry expert, in reviewing the proposed business plan for reorganizing Sears and assessing the reasonableness of its financial projections and liquidity forecasts.