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Sears demonstrates the staggering expense of bankruptcy

Reuters 01/13/2019

If Eddie Lampert’s $5 billion bid for the remaining assets of Sears Holdings wins out, the chairman and controlling shareholder will also assume about $600 million in additional liabilities that the company has taken on since its bankruptcy filing, including the tab for six law firms, three investment banks, two financial advisers and many other firms providing tax, real estate advice and other services, according to court filings.

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