Edward Stone – Cheddar.com Interview Sears Bankruptcy

Attorney Eddie Stone, Edward Stone Law founder and special counsel to ProtectSeniors.org was interviewed by Cheddar TV on October 19, 2018 regarding the Sears Chapter 11 bankruptcy filing and its impact on the Sears pension plans.  The Sears pension plans are underfunded to the tune of $1.5 billion, and if the Sears bankruptcy moves from reorganization to liquidation, the pension obligations will be taken over by the PBGC (Pension Benefit Guaranty Corporation).  Ironically, the former CEO of Sears, Eddie Lampert, blames the company’s financial woes on its pension obligations.  Click here to view the entire interview.

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